Looking to diversify beyond MCIFX? The mutual funds below have historically moved differently from MCIFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MCIFX
2 mutual funds have low correlation with MCIFX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.13 | — | — | 99 | Equity Market Neutral | MCIFX vs MMNIX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.17 | 0.06 | 0.17 | 75 | Convertible Bonds | MCIFX vs LEOOX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 0.49 | 0.36 | 0.46 | 100 | Multistrategy, Convertible Bonds | MCIFX vs ARBIX | |
| Calamos Convertible Opportunities and Income Fund | 0.50 | 0.47 | 0.53 | 82 | Convertible Bonds | MCIFX vs CHI | |
| Calamos Convertible and High Income Closed Fund | 0.56 | 0.53 | 0.58 | 68 | Convertible Bonds | MCIFX vs CHY |
See all 17 diversifiers for MCIFX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MCIFX
Add MCIFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MCIFX