Looking to diversify beyond MEDIX? The mutual funds below have historically moved differently from MEDIX, 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 MEDIX
5 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 0.35 over 5 years.
How candidates are selected| 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 | 91 | Inflation-Protected Bonds, Short-Term Bond, Investment Grade Bonds | MEDIX vs VTIPX | |
| BlackRock Event Driven Equity Fund | 0.23 | 0.26 | 0.28 | 82 | Event Driven | MEDIX vs BILPX | |
| MFS Value Fund | 0.28 | 0.28 | 0.29 | 70 | Large Cap Value Equities | MEDIX vs MEIKX | |
| MFS Value Fund Class I | 0.28 | 0.27 | 0.29 | 69 | Large Cap Value Equities | MEDIX vs MEIIX | |
| MFS Value Fund | 0.28 | 0.28 | 0.29 | 67 | Large Cap Value Equities | MEDIX vs MEIAX |
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