Looking to diversify beyond MIXIX? The mutual funds below have the lowest correlation with MIXIX — 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 MIXIX.
Best Diversifiers for MIXIX
9 mutual funds have low correlation with MIXIX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.07, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.07 | 0.07 | 0.16 | 74 | Short-Term Bond | MIXIX vs LCCMX | |
| MainStay Floating Rate Fund | 0.11 | 0.09 | 0.09 | 62 | Bank Loan | MIXIX vs MXFIX | |
| MainStay S&P 500 Index Fund | 0.20 | 0.16 | 0.14 | 66 | Large Cap Blend Equities | MIXIX vs MSPIX | |
| MainStay Epoch U.S. Equity Yield Fund | 0.20 | 0.17 | 0.14 | 78 | Large Cap Value Equities | MIXIX vs EPLCX | |
| NYLI S&P 500 Index Class A | 0.20 | 0.16 | 0.13 | 64 | S&P 500 | MIXIX vs MSXAX |
See all 21 diversifiers for MIXIX
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