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
1 mutual funds have low correlation with MDDVX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.27, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.27 | 0.09 | 0.07 | 96 | Long-Short | MDDVX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.39 | 0.26 | 0.15 | 64 | Systematic Trend | MDDVX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.46 | 0.42 | 0.54 | 69 | Technology Equities | MDDVX vs BGSAX | |
| Vanguard Information Technology Index Fund Admiral... | 0.49 | 0.47 | 0.58 | 66 | Technology Equities | MDDVX vs VITAX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.49 | 0.64 | 0.75 | 77 | Dividend | MDDVX vs SVAAX |
See all 34 diversifiers for MDDVX
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