Looking to diversify beyond MPAIX? The mutual funds below have historically moved differently from MPAIX, 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 MPAIX
0 mutual funds have low correlation with MPAIX (below 0.3), 0 of which are negatively correlated. The least correlated is American Growth Fund Series One (AMRGX) (Large Cap Growth Equities) with a 1Y correlation of 0.38, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Growth Fund Series One | 0.38 | 0.57 | 0.64 | 56 | Large Cap Growth Equities | MPAIX vs AMRGX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.43 | 0.55 | 0.60 | 77 | Large Cap Blend Equities, Dividend | MPAIX vs PRDGX | |
| ICON Equity Fund | 0.43 | 0.56 | 0.63 | 80 | Large Cap Growth Equities | MPAIX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.47 | 0.55 | 0.60 | 76 | Foreign Large Cap Equities | MPAIX vs VTMGX | |
| Vanguard PRIMECAP Fund Investor Shares | 0.52 | 0.65 | 0.71 | 90 | Large Cap Growth Equities | MPAIX vs VPMCX |
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