Looking to diversify beyond MMNIX? The mutual funds below have historically moved differently from MMNIX, 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 MMNIX
15 mutual funds have low correlation with MMNIX (below 0.3), 12 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aegis Value Fund Class I | -0.20 | — | — | 94 | Small Cap Value Equities | MMNIX vs AVALX | |
| Adams Diversified Equity Fund, Inc. | -0.19 | — | — | 83 | Large Cap Blend Equities | MMNIX vs ADX | |
| John Hancock Disciplined Value Global Long/Short F... | -0.18 | — | — | 94 | Long-Short | MMNIX vs JAKRX | |
| BlackRock Global Equity Market Neutral Fund | -0.15 | — | — | 97 | Equity Market Neutral | MMNIX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.14 | — | — | 97 | Equity Market Neutral | MMNIX vs BDMIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MMNIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) (Technology) with a 1Y correlation of -0.16, roughly unchanged from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Strategy Inc Variable Rate Series A Perpetual Stre... | -0.16 | -0.16 | -0.16 | 57 | Technology | |
| General American Investors Company, Inc. | -0.05 | -0.07 | -0.07 | 93 | Financial Services |
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