Looking to diversify beyond MDDVX? The mutual funds below have the lowest correlation with MDDVX — 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 MDDVX.
Best Diversifiers for MDDVX
2 mutual funds have low correlation with MDDVX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Energy Fund (FSTEX) (Energy Equities) with a 1Y correlation of 0.15, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy Fund | 0.15 | 0.39 | 0.51 | 70 | Energy Equities | MDDVX vs FSTEX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.21 | 0.05 | 0.05 | 92 | Long-Short | MDDVX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.40 | 0.26 | 0.15 | 67 | Systematic Trend | MDDVX vs ASFYX | |
| EuroPac International Dividend Income Fund Class A | 0.46 | 0.53 | 0.62 | 87 | Foreign Large Cap Equities, Dividend | MDDVX vs EPDPX | |
| Vanguard Information Technology Index Fund Admiral... | 0.49 | 0.47 | 0.57 | 81 | Technology Equities | MDDVX vs VITAX |
See all 29 diversifiers for MDDVX
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