Looking to diversify beyond MDSIX? The mutual funds below have historically moved differently from MDSIX, 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 MDSIX
4 mutual funds have low correlation with MDSIX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.02 | 0.04 | 0.03 | 99 | Government Bonds | MDSIX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.13 | 0.42 | 0.43 | 99 | Government Bonds | MDSIX vs FEUGX | |
| DFA Short-Term Government Portfolio | 0.28 | 0.09 | 0.33 | 99 | Government Bonds | MDSIX vs DFFGX | |
| Davis Government Bond Fund | 0.29 | 0.42 | 0.55 | 88 | Government Bonds | MDSIX vs RFBAX | |
| Vanguard Emerging Markets Government Bond Index Fu... | 0.53 | 0.59 | 0.58 | 59 | Government Bonds | MDSIX vs VGAVX |
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