Looking to diversify beyond MEFOX? The mutual funds below have historically moved differently from MEFOX, 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 MEFOX
0 mutual funds have low correlation with MEFOX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.33, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.16 | 0.14 | 95 | Large Cap Blend Equities | MEFOX vs SVPFX | |
| Rock Oak Core Growth Fund | 0.50 | 0.66 | 0.77 | 87 | Large Cap Blend Equities | MEFOX vs RCKSX | |
| Fidelity SAI U.S. Low Volatility Index Fund | 0.53 | 0.68 | 0.77 | 53 | Low Volatility | MEFOX vs FSUVX | |
| North Square Preferred and Income Securities Fund | 0.54 | 0.35 | 0.40 | 58 | Preferred Stock | MEFOX vs ORDNX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.63 | 0.76 | 0.84 | 84 | Large Cap Blend Equities | MEFOX vs RESGX |
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