Looking to diversify beyond MINDX? The mutual funds below have the lowest correlation with MINDX — 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 MINDX.
Best Diversifiers for MINDX
7 mutual funds have low correlation with MINDX (below 0.3), 0 of which are negatively correlated. The least correlated is Hennessy Japan Fund (HJPNX) (Japan Equities) with a 1Y correlation of 0.18, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hennessy Japan Fund | 0.18 | 0.28 | 0.37 | 52 | Japan Equities, Asia Pacific Equities | MINDX vs HJPNX | |
| Fidelity China Region Fund | 0.22 | 0.25 | 0.32 | 90 | China Equities, Asia Pacific Equities | MINDX vs FHKCX | |
| Fidelity 500 Index Fund | 0.25 | 0.31 | 0.41 | 60 | S&P 500 | MINDX vs FXAIX | |
| Fidelity Pacific Basin Fund | 0.26 | 0.33 | 0.42 | 76 | Asia Pacific Equities | MINDX vs FPBFX | |
| Vanguard Pacific Stock Index Fund Institutional Sh... | 0.27 | 0.34 | 0.42 | 68 | Asia Pacific Equities | MINDX vs VPKIX |
See all 20 diversifiers for MINDX
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