Looking to diversify beyond MMT? The mutual funds below have historically moved differently from MMT, 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 MMT
20 mutual funds have low correlation with MMT (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.08 | 0.08 | 0.06 | 99 | Multisector Bonds | MMT vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.12 | 0.15 | 0.08 | 99 | Multisector Bonds | MMT vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.15 | 0.17 | 0.17 | 96 | Multisector Bonds | MMT vs CBLDX | |
| Easterly Income Opportunities Fund | 0.16 | 0.18 | 0.18 | 82 | Multisector Bonds | MMT vs JSVIX | |
| Axonic Strategic Income Fund | 0.17 | 0.24 | 0.19 | 94 | Multisector Bonds | MMT vs AXSIX |
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