Looking to diversify beyond MDCPX? The mutual funds below have historically moved differently from MDCPX, 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 MDCPX
2 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 -0.22, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.22 | -0.03 | 0.10 | 83 | Diversified Portfolio | MDCPX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.12 | 0.46 | 68 | Diversified Portfolio | MDCPX vs MHELX | |
| Concorde Wealth Management Fund | 0.36 | 0.55 | 0.67 | 84 | Diversified Portfolio | MDCPX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.54 | 0.60 | 88 | Diversified Portfolio | MDCPX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.54 | 0.60 | 91 | Diversified Portfolio | MDCPX vs FIQDX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MDCPX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.38, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.38 | 0.46 | 0.52 | 90 | Financial Services | |
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.60 | 0.66 | 0.73 | 89 |
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