Looking to diversify beyond MFWIX? The mutual funds below have the lowest correlation with MFWIX — 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 MFWIX.
Best Diversifiers for MFWIX
0 mutual funds have low correlation with MFWIX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund I Class (PGTIX) (Technology Equities) with a 1Y correlation of 0.38, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | 0.38 | 0.45 | 0.53 | 87 | Technology Equities, Global Equities | MFWIX vs PGTIX | |
| Baron Global Advantage Fund | 0.45 | 0.51 | 0.57 | 68 | Global Equities | MFWIX vs BGAIX | |
| Oberweis Global Opportunities Fund | 0.50 | 0.61 | 0.69 | 75 | Global Equities | MFWIX vs OBEGX | |
| American Funds The New Economy Fund Class R-3 | 0.53 | 0.59 | 0.69 | 86 | Global Equities | MFWIX vs RNGCX | |
| American Funds The New Economy Fund® Class F-2 | 0.53 | 0.59 | 0.69 | 87 | Global Equities | MFWIX vs NEFFX |
See all 94 diversifiers for MFWIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MFWIX
Add MFWIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MFWIX