Looking to diversify beyond MEQAX? The mutual funds below have the lowest correlation with MEQAX — 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 MEQAX.
Best Diversifiers for MEQAX
1 mutual funds have low correlation with MEQAX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.21, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.21 | 0.15 | 0.11 | 67 | Municipal Bonds | MEQAX vs BCHYX | |
| Kopernik International Fund | 0.54 | 0.51 | 0.62 | 81 | Foreign Large Cap Equities | MEQAX vs KGIIX | |
| American Beacon Tocqueville International Value Fu... | 0.59 | 0.65 | 0.76 | 93 | Foreign Large Cap Equities | MEQAX vs TIVFX | |
| Thornburg Global Opportunities Fund | 0.59 | 0.70 | 0.78 | 94 | Foreign Large Cap Equities | MEQAX vs THOIX | |
| American Century Disciplined Core Value Fund | 0.66 | 0.64 | 0.72 | 79 | Large Cap Value Equities | MEQAX vs BIGRX |
See all 18 diversifiers for MEQAX
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