Looking to diversify beyond MCYVX? The mutual funds below have historically moved differently from MCYVX, 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 MCYVX
6 mutual funds have low correlation with MCYVX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.03, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.03 | 0.33 | 0.45 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | MCYVX vs GSIYX | |
| The Cook & Bynum Fund | 0.09 | 0.24 | 0.32 | 66 | Emerging Markets Equities | MCYVX vs COBYX | |
| MainStay MacKay New York Tax Free Opportunities Fu... | 0.12 | 0.10 | 0.11 | 86 | Municipal Bonds | MCYVX vs MNOVX | |
| MainStay MacKay California Tax Free Opportunities ... | 0.13 | 0.10 | 0.11 | 71 | Municipal Bonds | MCYVX vs MSCVX | |
| MainStay MacKay High Yield Municipal Bond Fund | 0.14 | 0.11 | 0.12 | 91 | High Yield Muni | MCYVX vs MMHVX |
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