Looking to diversify beyond MLAIX? The mutual funds below have historically moved differently from MLAIX, 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 MLAIX
3 mutual funds have low correlation with MLAIX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.13, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.13 | -0.01 | 0.09 | 79 | Commodities | MLAIX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.09 | 0.02 | 0.08 | 72 | Commodities | MLAIX vs PCLIX | |
| MFS Value Fund Class I | 0.28 | 0.40 | 0.57 | 69 | Large Cap Value Equities | MLAIX vs MEIIX | |
| Dodge & Cox Stock Fund Class I | 0.35 | 0.50 | 0.64 | 56 | Large Cap Value Equities | MLAIX vs DODGX | |
| LSV Small Cap Value Fund | 0.37 | 0.43 | 0.56 | 85 | Small Cap Value Equities | MLAIX vs LSVQX |
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