Looking to diversify beyond MFAAX? The mutual funds below have historically moved differently from MFAAX, 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 MFAAX
1 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 0.29, up from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds Fundamental Investors Class A | 0.29 | 0.18 | 0.16 | 61 | 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 | |
| American Funds The Income Fund of America Class A | 0.31 | 0.31 | 0.27 | 81 | Diversified Portfolio, Dividend | MFAAX vs AMECX | |
| American Funds Washington Mutual Investors Fund Cl... | 0.32 | 0.21 | 0.16 | 55 | Large Cap Blend Equities | MFAAX vs AWSHX | |
| DFA Short-Term Government Portfolio | 0.33 | 0.10 | 0.33 | 99 | Government Bonds | MFAAX vs DFFGX |
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