Looking to diversify beyond MFHQX? The mutual funds below have the lowest correlation with MFHQX — 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 MFHQX.
Best Diversifiers for MFHQX
4 mutual funds have low correlation with MFHQX (below 0.3), 1 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of -0.02, up from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.02 | -0.16 | -0.34 | 60 | Systematic Trend | MFHQX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.02 | 0.03 | 0.02 | 95 | Long-Short | MFHQX vs BDMIX | |
| BlackRock Technology Opportunities Fund Investor A | 0.21 | 0.16 | 0.15 | 66 | Technology Equities | MFHQX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.27 | 0.19 | 0.17 | 70 | Large Cap Growth Equities | MFHQX vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.34 | 0.24 | 0.18 | 66 | S&P 500 | MFHQX vs WFSPX |
See all 21 diversifiers for MFHQX
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