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Looking to diversify beyond MLAAX? The mutual funds below have historically moved differently from MLAAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for MLAAX

5 mutual funds have low correlation with MLAAX (below 0.3), 2 of which are negatively correlated. The least correlated is MainStay Cushing MLP Premier Fund (CSHZX) (Energy Equities) with a 1Y correlation of -0.13, down from 0.31 over 5 years.

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