Looking to diversify beyond MEQAX? The mutual funds below have historically moved differently from MEQAX, 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 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 0.23, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.23 | 0.16 | 0.12 | 87 | Municipal Bonds | MEQAX vs BCHYX | |
| American Century Equity Income Fund Class I | 0.55 | 0.55 | 0.65 | 84 | Dividend, Large Cap Value Equities | MEQAX vs ACIIX | |
| American Century Equity Income Fund | 0.55 | 0.55 | 0.65 | 83 | Dividend, Large Cap Value Equities | MEQAX vs TWEIX | |
| Kopernik International Fund | 0.56 | 0.51 | 0.62 | 66 | Foreign Large Cap Equities | MEQAX vs KGIIX | |
| American Beacon Tocqueville International Value Fu... | 0.57 | 0.64 | 0.75 | 52 | Foreign Large Cap Equities | MEQAX vs TIVFX |
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