Looking to diversify beyond MERDX? The mutual funds below have historically moved differently from MERDX, 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 MERDX
0 mutual funds have low correlation with MERDX (below 0.3), 0 of which are negatively correlated. The least correlated is RMB Mendon Financial Services Fund (RMBKX) (Financials Equities) with a 1Y correlation of 0.54, roughly unchanged from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RMB Mendon Financial Services Fund | 0.54 | 0.58 | 0.63 | 83 | Financials Equities | MERDX vs RMBKX | |
| Vanguard Wellesley Income Fund Investor Shares | 0.61 | 0.59 | 0.60 | 69 | Diversified Portfolio | MERDX vs VWINX | |
| Driehaus Micro Cap Growth Fund | 0.70 | 0.73 | 0.79 | 82 | Small Cap Growth Equities | MERDX vs DMCRX | |
| Oberweis Micro Cap Fund | 0.74 | 0.76 | 0.82 | 79 | Small Cap Growth Equities | MERDX vs OBMCX | |
| Vanguard 500 Index Fund Admiral Shares | 0.75 | 0.71 | 0.79 | 63 | S&P 500, Large Cap Blend Equities | MERDX vs VFIAX |
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