Looking to diversify beyond MLVHX? The mutual funds below have historically moved differently from MLVHX, 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 MLVHX
2 mutual funds have low correlation with MLVHX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) (Emerging Markets Equities) with a 1Y correlation of 0.18, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Emerging Markets Low Volatility Index... | 0.18 | 0.32 | 0.40 | 53 | Emerging Markets Equities, Low Volatility | MLVHX vs FGKPX | |
| North Square Preferred and Income Securities Fund | 0.29 | 0.29 | 0.35 | 59 | Preferred Stock | MLVHX vs ORDNX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.13 | 0.13 | 97 | Large Cap Blend Equities | MLVHX vs SVPFX | |
| PRIMECAP Odyssey Growth Fund | 0.33 | 0.56 | 0.68 | 89 | Large Cap Blend Equities | MLVHX vs POGRX | |
| Vanguard PRIMECAP Fund Admiral Shares | 0.38 | 0.60 | 0.72 | 90 | Large Cap Blend Equities | MLVHX vs VPMAX |
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