Looking to diversify beyond MPBLX? The mutual funds below have the lowest correlation with MPBLX — 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 MPBLX.
Best Diversifiers for MPBLX
1 mutual funds have low correlation with MPBLX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.07, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.20 | 0.53 | 64 | Diversified Portfolio | MPBLX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.54 | 0.61 | 96 | Diversified Portfolio | MPBLX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.54 | 0.61 | 95 | Diversified Portfolio | MPBLX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.55 | 0.61 | 96 | Diversified Portfolio | MPBLX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.35 | 0.55 | 0.62 | 96 | Diversified Portfolio | MPBLX vs FSRRX |
See all 30 diversifiers for MPBLX
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