Looking to diversify beyond MMCFX? The mutual funds below have the lowest correlation with MMCFX — 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 MMCFX.
Best Diversifiers for MMCFX
0 mutual funds have low correlation with MMCFX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Boston Common Global Impact Fund (BRWIX) (Large Cap Growth Equities) with a 1Y correlation of 0.56, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Boston Common Global Impact Fund | 0.56 | 0.51 | 0.50 | 71 | Large Cap Growth Equities | MMCFX vs BRWIX | |
| Matthews China Small Companies Fund | 0.69 | 0.77 | 0.79 | 94 | China Equities | MMCFX vs MCSMX | |
| T. Rowe Price China Evolution Equity Fund | 0.76 | 0.83 | 0.84 | 96 | China Equities | MMCFX vs TRCLX | |
| BlackRock China A Opportunities Fund | 0.76 | 0.73 | 0.76 | 81 | China Equities | MMCFX vs CHILX | |
| Fidelity Advisor China Region Fund Class I | 0.82 | 0.84 | 0.82 | 94 | China Equities | MMCFX vs FHKIX |
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