Looking to diversify beyond MLFIX? The mutual funds below have the lowest correlation with MLFIX — 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 MLFIX.
Best Diversifiers for MLFIX
0 mutual funds have low correlation with MLFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.75, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.75 | 0.77 | 0.75 | 81 | Target Retirement Date | MLFIX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.82 | 0.74 | 0.72 | 69 | Target Retirement Date | MLFIX vs FRIMX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.74 | 0.70 | 74 | Target Retirement Date | MLFIX vs FFGZX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.76 | 0.76 | 70 | Target Retirement Date | MLFIX vs FRQIX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.82 | 0.73 | 0.70 | 73 | Target Retirement Date | MLFIX vs FIKFX |
See all 37 diversifiers for MLFIX
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Diversification Analysis
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