Looking to diversify beyond MFAAX? The mutual funds below have the lowest correlation with MFAAX — 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 MFAAX.
Best Diversifiers for MFAAX
2 mutual funds have low correlation with MFAAX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds Fundamental Investors Class A (ANCFX) (Large Cap Blend Equities) with a 1Y correlation of 0.27, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds Fundamental Investors Class A | 0.27 | 0.18 | 0.15 | 62 | Large Cap Blend Equities, Actively Managed | MFAAX vs ANCFX | |
| GMO U.S. Treasury Fund | 0.30 | 0.16 | 0.11 | 99 | Government Bonds | MFAAX vs GUSTX | |
| DFA Short-Term Government Portfolio | 0.32 | 0.09 | 0.33 | 99 | Government Bonds | MFAAX vs DFFGX | |
| American Funds The Income Fund of America Class A | 0.33 | 0.32 | 0.27 | 55 | Diversified Portfolio, Dividend | MFAAX vs AMECX | |
| Federated Hermes Adjustable Rate Fund | 0.36 | 0.55 | 0.53 | 99 | Government Bonds | MFAAX vs FEUGX |
See all 12 diversifiers for MFAAX
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