Looking to diversify beyond MELIX? The mutual funds below have historically moved differently from MELIX, 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 MELIX
2 mutual funds have low correlation with MELIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.25, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.25 | 0.52 | 0.58 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | MELIX vs GSIYX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.27 | 0.52 | 0.58 | 53 | Foreign Large Cap Equities | MELIX vs GSINX | |
| PGIM Global Real Estate Fund | 0.30 | 0.41 | 0.50 | 56 | REIT | MELIX vs PURZX | |
| The Cook & Bynum Fund | 0.37 | 0.38 | 0.43 | 70 | Emerging Markets Equities | MELIX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.38 | 0.58 | 0.66 | 91 | Emerging Markets Equities | MELIX vs ESCIX |
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