Looking to diversify beyond MFWIX? The mutual funds below have historically moved differently from MFWIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MFWIX
1 mutual funds have low correlation with MFWIX (below 0.3), 0 of which are negatively correlated. The least correlated is Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) (Multistrategy) with a 1Y correlation of 0.30, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.30 | 0.15 | 0.24 | 90 | Multistrategy, Systematic Trend, Global Equities | MFWIX vs MBXIX | |
| Oberweis Global Opportunities Fund | 0.44 | 0.58 | 0.67 | 54 | Global Equities | MFWIX vs OBEGX | |
| GQG Partners Global Quality Dividend Income Fund | 0.48 | 0.67 | 0.74 | 70 | Quality Factor, Global Equities | MFWIX vs GQFPX | |
| American Funds The New Economy Fund Class A | 0.49 | 0.57 | 0.67 | 72 | Global Equities, Actively Managed | MFWIX vs ANEFX | |
| American Funds The New Economy Fund® Class F-2 | 0.50 | 0.57 | 0.67 | 70 | Global Equities | MFWIX vs NEFFX |
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