Looking to diversify beyond MCN? The mutual funds below have historically moved differently from MCN, 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 MCN
1 mutual funds have low correlation with MCN (below 0.3), 0 of which are negatively correlated. The least correlated is Princeton Premium Fund (PPFIX) (Options Trading) with a 1Y correlation of 0.07, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Princeton Premium Fund | 0.07 | 0.12 | 0.08 | 100 | Options Trading | MCN vs PPFIX | |
| Rational Tactical Return Fund | 0.35 | 0.21 | 0.13 | 63 | Options Trading | MCN vs HRSTX | |
| Gateway Equity Call Premium Fund | 0.41 | 0.36 | 0.44 | 80 | Options Trading | MCN vs GCPYX | |
| Glenmede Secured Options Portfolio | 0.47 | 0.39 | 0.45 | 93 | Options Trading | MCN vs GTSOX | |
| Catalyst Buffered Shield Fund | 0.47 | 0.47 | 0.48 | 77 | Options Trading | MCN vs SHIIX |
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