Looking to diversify beyond MEDIX? The mutual funds below have the lowest correlation with MEDIX — 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 MEDIX.
Best Diversifiers for MEDIX
2 mutual funds have low correlation with MEDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.16, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.16 | 0.38 | 0.35 | 93 | Inflation-Protected Bonds | MEDIX vs VTIPX | |
| BlackRock Event Driven Equity Fund | 0.24 | 0.26 | 0.28 | 62 | Event Driven | MEDIX vs BILPX | |
| Columbia Dividend Income Fund | 0.32 | 0.27 | 0.28 | 64 | Large Cap Value Equities | MEDIX vs GSFTX | |
| Invesco Small Cap Value Fund | 0.34 | 0.28 | 0.26 | 85 | Small Cap Value Equities | MEDIX vs VSCAX | |
| Putnam Large Cap Value Fund | 0.36 | 0.31 | 0.29 | 76 | Large Cap Value Equities | MEDIX vs PEIYX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MEDIX
Add MEDIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MEDIX