Looking to diversify beyond MECIX? The mutual funds below have the lowest correlation with MECIX — 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 MECIX.
Best Diversifiers for MECIX
0 mutual funds have low correlation with MECIX (below 0.3), 0 of which are negatively correlated. The least correlated is Hood River International Opportunity Fund (HRIOX) (Foreign Small & Mid Cap Equities) with a 1Y correlation of 0.65, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hood River International Opportunity Fund | 0.65 | 0.67 | 0.73 | 95 | Foreign Small & Mid Cap Equities | MECIX vs HRIOX | |
| Hood River International Opportunity Fund Investor... | 0.65 | — | — | 95 | Foreign Small & Mid Cap Equities | MECIX vs HRIIX | |
| AMG Boston Common Global Impact Fund | 0.74 | 0.76 | 0.80 | 71 | Large Cap Growth Equities | MECIX vs BRWIX | |
| Lazard International Small Cap Equity Portfolio | 0.74 | 0.82 | 0.86 | 73 | Foreign Small & Mid Cap Equities | MECIX vs LZISX | |
| Virtus International Small-Cap Fund | 0.77 | 0.79 | 0.83 | 81 | Foreign Small & Mid Cap Equities | MECIX vs ALOIX |
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