Looking to diversify beyond MDCPX? The mutual funds below have the lowest correlation with MDCPX — 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 MDCPX.
Best Diversifiers for MDCPX
3 mutual funds have low correlation with MDCPX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.18, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | 0.02 | 0.14 | 73 | Diversified Portfolio | MDCPX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.16 | 0.49 | 64 | Diversified Portfolio | MDCPX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.29 | 0.20 | 0.13 | 92 | Long-Short | MDCPX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.56 | 0.62 | 96 | Diversified Portfolio | MDCPX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.55 | 0.62 | 96 | Diversified Portfolio | MDCPX vs FIQDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MDCPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MDCPX and solid risk/return profiles. The least correlated is U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.46, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.46 | 0.48 | 0.53 | 69 | Financial Services |
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