Looking to diversify beyond MLNIX? The mutual funds below have the lowest correlation with MLNIX — 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 MLNIX.
Best Diversifiers for MLNIX
1 mutual funds have low correlation with MLNIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.24, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.24 | 0.34 | 0.50 | 52 | Global Equities | MLNIX vs CSUAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.39 | 0.52 | 0.64 | 80 | Global Equities | MLNIX vs RTXAX | |
| Polaris Global Value Fund | 0.47 | 0.57 | 0.68 | 93 | Global Equities | MLNIX vs PGVFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.51 | 0.47 | 0.61 | 86 | Global Equities | MLNIX vs FMIEX | |
| LSV Global Managed Volatility Fund | 0.56 | 0.56 | 0.66 | 84 | Global Equities | MLNIX vs LVAFX |
See all 31 diversifiers for MLNIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MLNIX
Add MLNIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MLNIX