Looking to diversify beyond MMUFX? The mutual funds below have historically moved differently from MMUFX, 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 MMUFX
5 mutual funds have low correlation with MMUFX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Energy Fund (FSTEX) (Energy Equities) with a 1Y correlation of 0.12, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy Fund | 0.12 | 0.21 | 0.26 | 73 | Energy Equities | MMUFX vs FSTEX | |
| Fidelity Flex 500 Index Fund | 0.19 | 0.30 | 0.43 | 59 | Large Cap Blend Equities | MMUFX vs FDFIX | |
| Vanguard 500 Index Fund Admiral Shares | 0.19 | 0.30 | 0.43 | 63 | S&P 500, Large Cap Blend Equities | MMUFX vs VFIAX | |
| Fidelity Large Cap Stock Fund | 0.24 | 0.34 | 0.43 | 73 | Large Cap Blend Equities | MMUFX vs FLCSX | |
| BlackRock Health Sciences Opportunities Portfolio | 0.27 | 0.37 | 0.48 | 65 | Health & Biotech Equities | MMUFX vs SHSAX |
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