Looking to diversify beyond MPBFX? The mutual funds below have the lowest correlation with MPBFX — 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 MPBFX.
Best Diversifiers for MPBFX
3 mutual funds have low correlation with MPBFX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund Class A (DNLAX) (Energy Equities) with a 1Y correlation of 0.09, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.09 | 0.07 | -0.00 | 61 | Energy Equities | MPBFX vs DNLAX | |
| BNY Mellon Technology Growth Fund | 0.22 | 0.13 | 0.13 | 75 | Technology Equities | MPBFX vs DTGRX | |
| BNY Mellon Global Real Return Fund - Class I | 0.27 | 0.31 | 0.26 | 76 | Tactical Allocation | MPBFX vs DRRIX | |
| BNY Mellon Dynamic Value Fund | 0.33 | 0.20 | 0.11 | 83 | Large Cap Value Equities | MPBFX vs DAGVX | |
| BNY Mellon Dynamic Value Fund Class I | 0.33 | 0.21 | 0.11 | 83 | Large Cap Value Equities | MPBFX vs DRGVX |
See all 12 diversifiers for MPBFX
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