Looking to diversify beyond MHELX? The mutual funds below have the lowest correlation with MHELX — 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 MHELX.
Best Diversifiers for MHELX
353 mutual funds have low correlation with MHELX (below 0.3), 78 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.11, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.11 | 0.04 | 0.11 | 60 | Diversified Portfolio | MHELX vs SIFAX | |
| Chartwell Income Fund | -0.10 | 0.10 | 0.31 | 67 | Diversified Portfolio | MHELX vs BERIX | |
| Hennessy Balanced Fund | -0.06 | 0.08 | 0.35 | 79 | Diversified Portfolio | MHELX vs HBFBX | |
| Pinnacle Value Fund | -0.05 | 0.09 | 0.38 | 66 | Diversified Portfolio | MHELX vs PVFIX | |
| Vanguard Global Wellington Fund Investor Shares | -0.04 | 0.11 | 0.44 | 84 | Global Allocation, Diversified Portfolio | MHELX vs VGWLX |
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