Looking to diversify beyond MIDLX? The mutual funds below have the lowest correlation with MIDLX — 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 MIDLX.
Best Diversifiers for MIDLX
0 mutual funds have low correlation with MIDLX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Income Fund of Boston (EVIBX) (High Yield Bonds) with a 1Y correlation of 0.54, roughly unchanged from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Income Fund of Boston | 0.54 | 0.52 | 0.56 | 66 | High Yield Bonds | MIDLX vs EVIBX | |
| BlackRock High Yield K | 0.58 | 0.56 | 0.60 | 81 | High Yield Bonds | MIDLX vs BRHYX | |
| BlackRock High Yield Bond Fund Investor A Shares | 0.59 | 0.56 | 0.60 | 78 | High Yield Bonds | MIDLX vs BHYAX | |
| Pear Tree Polaris International Opportunities Fund | 0.61 | 0.68 | 0.71 | 50 | Foreign Small & Mid Cap Equities | MIDLX vs QISIX | |
| Vanguard Dividend Appreciation Index Fund Admiral ... | 0.62 | 0.59 | 0.65 | 51 | Dividend, Large Cap Blend Equities | MIDLX vs VDADX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MIDLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MIDLX and solid risk/return profiles. The least correlated is U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.33, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.33 | 0.37 | 0.42 | 83 | Financial Services |
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