Looking to diversify beyond MERDX? The mutual funds below have the lowest correlation with MERDX — 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 MERDX.
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 0.58, roughly unchanged from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RMB Mendon Financial Services Fund | 0.58 | 0.58 | 0.64 | 58 | Financials Equities | MERDX vs RMBKX | |
| Vanguard Wellesley Income Fund Investor Shares | 0.65 | 0.61 | 0.60 | 53 | Diversified Portfolio | MERDX vs VWINX | |
| Driehaus Micro Cap Growth Fund | 0.69 | 0.73 | 0.80 | 83 | Small Cap Growth Equities | MERDX vs DMCRX | |
| Oberweis Micro Cap Fund | 0.73 | 0.76 | 0.82 | 91 | Small Cap Growth Equities | MERDX vs OBMCX | |
| Calamos Timpani Small Cap Growth Fund | 0.73 | 0.72 | 0.80 | 77 | Small Cap Growth Equities | MERDX vs CTSIX |
See all 17 diversifiers for MERDX
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