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 0.02, 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 | 0.02 | 0.17 | 0.22 | 72 | Target Retirement Date, Diversified Portfolio | MCSIX vs VTIVX | |
| American Funds New World Fund Class F-3 | 0.09 | 0.24 | 0.26 | 65 | Emerging Markets Diversified | MCSIX vs FNWFX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.62 | 0.60 | 0.59 | 90 | Commodities | MCSIX vs FFGTX | |
| Fidelity Global Commodity Stock Fund | 0.63 | 0.60 | 0.59 | 91 | Commodities | MCSIX vs FFGCX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.63 | 0.59 | 0.59 | 91 | Commodities | MCSIX vs FFGIX |
See all 27 diversifiers for MCSIX
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Diversification Analysis
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