Looking to diversify beyond MNWIX? The mutual funds below have the lowest correlation with MNWIX — 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 MNWIX.
Best Diversifiers for MNWIX
3 mutual funds have low correlation with MNWIX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.07, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.07 | 0.04 | -0.04 | 85 | Long-Short | MNWIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.06 | 0.04 | -0.03 | 85 | Long-Short | MNWIX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 0.17 | 0.30 | 0.21 | 60 | Long-Short | MNWIX vs KCEIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.34 | 0.22 | 0.18 | 95 | Long-Short | MNWIX vs BDMIX | |
| Quantitative U.S. Long/Short Equity Portfolio | 0.39 | 0.39 | 0.29 | 65 | Long-Short | MNWIX vs GTAPX |
See all 26 diversifiers for MNWIX
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