Looking to diversify beyond MMCFX? The mutual funds below have historically moved differently from MMCFX, 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 MMCFX
0 mutual funds have low correlation with MMCFX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Yacktman Fund (YACKX) (Large Cap Value Equities) with a 1Y correlation of 0.35, roughly unchanged from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Fund | 0.35 | 0.37 | 0.39 | 92 | Large Cap Value Equities | MMCFX vs YACKX | |
| AMG Yacktman Focused Fund | 0.35 | 0.37 | 0.41 | 91 | Large Cap Value Equities | MMCFX vs YAFFX | |
| AMG Boston Common Global Impact Fund | 0.62 | 0.52 | 0.51 | 54 | Large Cap Growth Equities | MMCFX vs BRWIX | |
| Morgan Stanley China A Share Fund | 0.69 | 0.67 | 0.69 | 73 | China Equities, Asia Pacific Equities | MMCFX vs CAF | |
| T. Rowe Price China Evolution Equity Fund | 0.80 | 0.83 | 0.84 | 71 | China Equities, Asia Pacific Equities | MMCFX vs TRCLX |
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