Looking to diversify beyond MERAX? The mutual funds below have historically moved differently from MERAX, 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 MERAX
1 mutual funds have low correlation with MERAX (below 0.3), 0 of which are negatively correlated. The least correlated is Madison Tax-Free National Fund (GTFHX) (Municipal Bonds) with a 1Y correlation of 0.26, up from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Madison Tax-Free National Fund | 0.26 | 0.14 | 0.11 | 67 | Municipal Bonds | MERAX vs GTFHX | |
| Paradigm Select Fund | 0.53 | 0.70 | 0.78 | 91 | Mid Cap Blend Equities | MERAX vs PFSLX | |
| The Texas Fund | 0.53 | 0.71 | 0.74 | 53 | Mid Cap Blend Equities | MERAX vs BIGTX | |
| Tarkio Fund | 0.54 | 0.70 | 0.78 | 53 | Mid Cap Blend Equities | MERAX vs TARKX | |
| Fidelity SAI Small-Mid Cap 500 Index Fund | 0.54 | 0.77 | 0.84 | 64 | Mid Cap Blend Equities | MERAX vs FZFLX |
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