Looking to diversify beyond MNDIX? The mutual funds below have the lowest correlation with MNDIX — 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 MNDIX.
Best Diversifiers for MNDIX
0 mutual funds have low correlation with MNDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Driehaus Micro Cap Growth Fund (DMCRX) (Small Cap Growth Equities) with a 1Y correlation of 0.81, roughly unchanged from 0.87 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Driehaus Micro Cap Growth Fund | 0.81 | 0.86 | 0.87 | 81 | Small Cap Growth Equities | MNDIX vs DMCRX | |
| Oberweis Micro Cap Fund | 0.82 | 0.87 | 0.88 | 88 | Small Cap Growth Equities | MNDIX vs OBMCX | |
| Calamos Timpani Small Cap Growth Fund | 0.83 | 0.86 | 0.89 | 72 | Small Cap Growth Equities | MNDIX vs CTSIX | |
| Needham Small Cap Growth Fund Institutional | 0.84 | 0.85 | 0.87 | 94 | Small Cap Growth Equities | MNDIX vs NESIX | |
| Needham Aggressive Growth Fund | 0.84 | 0.84 | 0.85 | 92 | Small Cap Growth Equities | MNDIX vs NEAGX |
See all 14 diversifiers for MNDIX
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