Looking to diversify beyond MCIFX? The mutual funds below have the lowest correlation with MCIFX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MCIFX.
Best Diversifiers for MCIFX
0 mutual funds have low correlation with MCIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Calamos Convertible Opportunities and Income Fund (CHI) (Convertible Bonds) with a 1Y correlation of 0.59, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos Convertible Opportunities and Income Fund | 0.59 | 0.50 | 0.55 | 81 | Convertible Bonds | MCIFX vs CHI | |
| Calamos Convertible and High Income Closed Fund | 0.62 | 0.56 | 0.60 | 77 | Convertible Bonds | MCIFX vs CHY | |
| Lord Abbett Convertible Fund Class F3 | 0.66 | 0.72 | 0.76 | 83 | Convertible Bonds | MCIFX vs LOCFX | |
| Lord Abbett Convertible Fund | 0.66 | 0.72 | 0.76 | 82 | Convertible Bonds | MCIFX vs LCFYX | |
| TETON Convertible Securities Fund | 0.70 | 0.75 | 0.79 | 54 | Convertible Bonds | MCIFX vs WESRX |
See all 14 diversifiers for MCIFX
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