Looking to diversify beyond MMUFX? The mutual funds below have the lowest correlation with MMUFX — 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 MMUFX.
Best Diversifiers for MMUFX
3 mutual funds have low correlation with MMUFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Flex 500 Index Fund (FDFIX) (Large Cap Blend Equities) with a 1Y correlation of 0.24, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Flex 500 Index Fund | 0.24 | 0.32 | 0.44 | 63 | Large Cap Blend Equities | MMUFX vs FDFIX | |
| Vanguard 500 Index Fund Admiral Shares | 0.25 | 0.32 | 0.44 | 66 | S&P 500, Large Cap Blend Equities | MMUFX vs VFIAX | |
| Fidelity Large Cap Stock Fund | 0.28 | 0.36 | 0.44 | 76 | Large Cap Blend Equities | MMUFX vs FLCSX | |
| Fidelity Equity-Income Fund | 0.50 | 0.57 | 0.61 | 80 | Large Cap Value Equities | MMUFX vs FEQIX | |
| Duff & Phelps Utility and Infrastructure Fund Inc | 0.64 | 0.68 | 0.68 | 60 | Utilities Equities | MMUFX vs DPG |
Diversification Analysis
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