Looking to diversify beyond MLAIX? The mutual funds below have the lowest correlation with MLAIX — 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 MLAIX.
Best Diversifiers for MLAIX
1 mutual funds have low correlation with MLAIX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.13, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.13 | 0.00 | 0.10 | 54 | Commodities | MLAIX vs FIFGX | |
| LSV Small Cap Value Fund | 0.39 | 0.44 | 0.56 | 60 | Small Cap Value Equities | MLAIX vs LSVQX | |
| Baron Partners Fund | 0.49 | 0.59 | 0.69 | 67 | Large Cap Growth Equities | MLAIX vs BPTRX | |
| Davis New York Venture Fund Class Y | 0.58 | 0.66 | 0.73 | 81 | Large Cap Growth Equities | MLAIX vs DNVYX | |
| ICON Equity Fund | 0.60 | 0.57 | 0.69 | 75 | Large Cap Growth Equities | MLAIX vs IOLZX |
See all 30 diversifiers for MLAIX
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