Looking to diversify beyond MFFIX? The mutual funds below have the lowest correlation with MFFIX — 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 MFFIX.
Best Diversifiers for MFFIX
0 mutual funds have low correlation with MFFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.77, roughly unchanged from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.77 | 0.76 | 0.74 | 70 | Target Retirement Date | MFFIX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.81 | 0.81 | 0.82 | 78 | Target Retirement Date | MFFIX vs ISOLX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.75 | 0.74 | 65 | Target Retirement Date | MFFIX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.82 | 0.73 | 0.71 | 65 | Target Retirement Date | MFFIX vs FRIMX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.82 | 0.75 | 0.75 | 70 | Target Retirement Date | MFFIX vs FRQHX |
See all 43 diversifiers for MFFIX
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