Looking to diversify beyond MEMKX? The mutual funds below have the lowest correlation with MEMKX — 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 MEMKX.
Best Diversifiers for MEMKX
0 mutual funds have low correlation with MEMKX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund Class A (DNLAX) (Energy Equities) with a 1Y correlation of 0.41, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.41 | 0.48 | 0.51 | 89 | Energy Equities | MEMKX vs DNLAX | |
| BNY Mellon Smallcap Stock Index Fund | 0.42 | 0.50 | 0.53 | 56 | Small Cap Blend Equities | MEMKX vs DISSX | |
| BNY Mellon Dynamic Value Fund Class I | 0.43 | 0.50 | 0.55 | 80 | Large Cap Value Equities | MEMKX vs DRGVX | |
| BNY Mellon Dynamic Value Fund | 0.43 | 0.50 | 0.55 | 79 | Large Cap Value Equities | MEMKX vs DAGVX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.51 | 0.68 | 0.73 | 86 | Emerging Markets Diversified | MEMKX vs ESCIX |
See all 29 diversifiers for MEMKX
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