Looking to diversify beyond MLMIX? The mutual funds below have the lowest correlation with MLMIX — 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 MLMIX.
Best Diversifiers for MLMIX
0 mutual funds have low correlation with MLMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investment Tax-Managed Real Assets Fund (RTXAX) (Global Equities) with a 1Y correlation of 0.46, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investment Tax-Managed Real Assets Fund | 0.46 | 0.58 | 0.69 | 76 | Global Equities | MLMIX vs RTXAX | |
| Polaris Global Value Fund | 0.50 | 0.62 | 0.72 | 92 | Global Equities | MLMIX vs PGVFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.57 | 0.53 | 0.65 | 86 | Global Equities | MLMIX vs FMIEX | |
| LSV Global Managed Volatility Fund | 0.59 | 0.61 | 0.70 | 84 | Global Equities | MLMIX vs LVAFX | |
| SEI Institutional Investments Trust Global Managed... | 0.60 | 0.63 | 0.70 | 61 | Global Equities | MLMIX vs SGMAX |
See all 27 diversifiers for MLMIX
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Diversification Analysis
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