Looking to diversify beyond MFAIX? The mutual funds below have the lowest correlation with MFAIX — 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 MFAIX.
Best Diversifiers for MFAIX
0 mutual funds have low correlation with MFAIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.36, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.36 | 0.45 | 0.54 | 64 | Foreign Large Cap Equities | MFAIX vs IVFIX | |
| Guggenheim Limited Duration Fund | 0.36 | 0.22 | 0.23 | 91 | Short-Term Bond | MFAIX vs GILHX | |
| PIMCO RAE PLUS International Fund | 0.43 | 0.47 | 0.51 | 86 | Foreign Large Cap Equities | MFAIX vs PTSIX | |
| SA International Value Fund | 0.48 | 0.50 | 0.57 | 90 | Foreign Large Cap Equities | MFAIX vs SAHMX | |
| EuroPac International Dividend Income Fund | 0.52 | 0.52 | 0.56 | 75 | Foreign Large Cap Equities | MFAIX vs EPDIX |
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