Looking to diversify beyond MERIX? The mutual funds below have the lowest correlation with MERIX — 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 MERIX.
Best Diversifiers for MERIX
2 mutual funds have low correlation with MERIX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX) (Event Driven) with a 1Y correlation of 0.26, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Enterprise Mergers and Acquisitions Fund | 0.26 | 0.35 | 0.41 | 82 | Event Driven | MERIX vs EMAYX | |
| Gabelli ABC Fund | 0.26 | 0.30 | 0.38 | 55 | Event Driven | MERIX vs GABCX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.33 | 0.25 | 0.32 | 98 | Event Driven | MERIX vs VARBX | |
| Water Island Event-Driven Fund | 0.37 | 0.60 | 0.67 | 92 | Event Driven | MERIX vs AEDNX | |
| The Arbitrage Fund | 0.40 | 0.61 | 0.67 | 97 | Event Driven | MERIX vs ARBFX |
See all 12 diversifiers for MERIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MERIX
Add MERIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MERIX