Looking to diversify beyond MEMUX? The mutual funds below have historically moved differently from MEMUX, 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 MEMUX
13 mutual funds have low correlation with MEMUX (below 0.3), 1 of which are negatively correlated. The least correlated is Integrity Mid-North American Resources Fund (ICPAX) (Energy Equities) with a 1Y correlation of -0.08, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Integrity Mid-North American Resources Fund | -0.08 | 0.03 | 0.02 | 84 | Energy Equities | MEMUX vs ICPAX | |
| Integrity Dividend Harvest Fund | 0.12 | 0.13 | 0.09 | 97 | Large Cap Value Equities | MEMUX vs IDIVX | |
| Integrity ESG Growth & Income Fund | 0.13 | 0.10 | 0.10 | 80 | Large Cap Blend Equities | MEMUX vs IGIAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.15 | 0.26 | — | 99 | Municipal Bonds | MEMUX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.18 | 0.34 | 0.39 | 99 | Municipal Bonds | MEMUX vs DNYMX |
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