Looking to diversify beyond MKDVX? The mutual funds below have the lowest correlation with MKDVX — 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 MKDVX.
Best Diversifiers for MKDVX
1 mutual funds have low correlation with MKDVX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.23, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.23 | 0.09 | 0.06 | 95 | Equity Market Neutral | MKDVX vs BDMIX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.47 | 0.63 | 0.75 | 91 | Dividend | MKDVX vs SVAAX | |
| Fidelity Advisor 529 Dividend Growth Portfolio Cla... | 0.59 | 0.60 | 0.74 | 79 | Dividend | MKDVX vs FDGDX | |
| Pioneer Multi-Asset Income Fund A | 0.68 | 0.68 | 0.72 | 88 | Diversified Portfolio, Dividend | MKDVX vs PMAIX | |
| Fidelity Dividend Growth Fund | 0.69 | 0.68 | 0.79 | 75 | Large Cap Blend Equities, Dividend | MKDVX vs FDGFX |
See all 18 diversifiers for MKDVX
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