Looking to diversify beyond MFJIX? The mutual funds below have the lowest correlation with MFJIX — 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 MFJIX.
Best Diversifiers for MFJIX
0 mutual funds have low correlation with MFJIX (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 0.78, 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 | 0.78 | 0.77 | 0.74 | 83 | Target Retirement Date | MFJIX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.80 | 0.74 | 0.74 | 84 | Target Retirement Date | MFJIX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.74 | 0.74 | 70 | Target Retirement Date | MFJIX vs FRQIX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.80 | 0.74 | 0.74 | 83 | Target Retirement Date | MFJIX vs FRQKX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.80 | 0.73 | 0.71 | 70 | Target Retirement Date | MFJIX vs FRIMX |
See all 46 diversifiers for MFJIX
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