Looking to diversify beyond MMNIX? The mutual funds below have the lowest correlation with MMNIX — 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 MMNIX.
Best Diversifiers for MMNIX
12 mutual funds have low correlation with MMNIX (below 0.3), 10 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Adams Diversified Equity Fund, Inc. | -0.20 | — | — | 82 | Large Cap Blend Equities | MMNIX vs ADX | |
| Aegis Value Fund | -0.19 | — | — | 90 | Small Cap Value Equities | MMNIX vs AVALX | |
| John Hancock Disciplined Value Global Long/Short F... | -0.16 | — | — | 90 | Long-Short | MMNIX vs JAKRX | |
| BlackRock Global Equity Market Neutral Fund | -0.15 | — | — | 95 | Equity Market Neutral | MMNIX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.14 | — | — | 96 | Equity Market Neutral | MMNIX vs BDMIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MMNIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MMNIX and solid risk/return profiles. The least correlated is General American Investors Company, Inc. (GAM) (Financial Services) with a 1Y correlation of -0.06, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | -0.06 | -0.07 | -0.07 | 92 | Financial Services |
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