Looking to diversify beyond MMHVX? The mutual funds below have the lowest correlation with MMHVX — 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 MMHVX.
Best Diversifiers for MMHVX
2 mutual funds have low correlation with MMHVX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 0.06 | — | — | 100 | Nontraditional Bonds | MMHVX vs CBYYX | |
| MainStay Candriam Emerging Markets Equity Fund | 0.14 | 0.12 | 0.12 | 93 | Emerging Markets Diversified | MMHVX vs MCYVX | |
| MainStay MacKay Short Duration High Yield Fund | 0.32 | 0.33 | 0.33 | 93 | High Yield Bonds | MMHVX vs MDHVX | |
| JPMorgan Emerging Markets Debt Fund | 0.47 | 0.53 | 0.47 | 80 | Emerging Markets Bonds | MMHVX vs JEMDX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.67 | 0.75 | 0.76 | 62 | High Yield Muni | MMHVX vs NVHIX |
See all 28 diversifiers for MMHVX
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