Looking to diversify beyond MELIX? The mutual funds below have the lowest correlation with MELIX — 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 MELIX.
Best Diversifiers for MELIX
0 mutual funds have low correlation with MELIX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund (DLDRX) (Energy Equities) with a 1Y correlation of 0.39, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund | 0.39 | 0.43 | 0.43 | 89 | Energy Equities | MELIX vs DLDRX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.47 | 0.62 | 0.67 | 86 | Emerging Markets Diversified | MELIX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.51 | 0.57 | 0.64 | 94 | Emerging Markets Diversified | MELIX vs EMPTX | |
| The Hartford Dividend and Growth Fund | 0.55 | 0.55 | 0.58 | 62 | Large Cap Value Equities | MELIX vs HDGYX | |
| Goldman Sachs Small Cap Value Insights Fund | 0.55 | 0.54 | 0.58 | 80 | Small Cap Value Equities | MELIX vs GSITX |
See all 26 diversifiers for MELIX
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Diversification Analysis
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