Looking to diversify beyond MCSIX? The mutual funds below have the lowest correlation with MCSIX — 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 MCSIX.
Best Diversifiers for MCSIX
2 mutual funds have low correlation with MCSIX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Target Retirement 2045 Fund (VTIVX) (Target Retirement Date) with a 1Y correlation of 0.05, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Target Retirement 2045 Fund | 0.05 | 0.16 | 0.22 | 65 | Target Retirement Date, Diversified Portfolio | MCSIX vs VTIVX | |
| American Funds New World Fund Class F-3 | 0.09 | 0.22 | 0.26 | 53 | Emerging Markets Diversified | MCSIX vs FNWFX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.62 | 0.59 | 0.59 | 62 | Commodities | MCSIX vs FFGTX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.62 | 0.59 | 0.59 | 60 | Commodities | MCSIX vs FCGCX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.62 | 0.59 | 0.59 | 65 | Commodities | MCSIX vs FFGIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MCSIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MCSIX and solid risk/return profiles. The least correlated is Butterfly Network, Inc. (BFLY) (Healthcare) with a 1Y correlation of 0.04, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Butterfly Network, Inc. | 0.04 | 0.09 | 0.08 | 96 | Healthcare |
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