Looking to diversify beyond MPHQX? The mutual funds below have the lowest correlation with MPHQX — 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 MPHQX.
Best Diversifiers for MPHQX
2 mutual funds have low correlation with MPHQX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of -0.00, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | -0.00 | 0.02 | 0.01 | 94 | Long-Short | MPHQX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.23 | 0.18 | 0.16 | 55 | Large Cap Growth Equities | MPHQX vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.32 | 0.24 | 0.17 | 60 | S&P 500 | MPHQX vs WFSPX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.32 | 0.25 | 0.18 | 60 | Large Cap Blend Equities | MPHQX vs VTCLX | |
| Fidelity Asset Manager 85% Fund | 0.35 | 0.31 | 0.25 | 70 | Diversified Portfolio | MPHQX vs FAMRX |
See all 18 diversifiers for MPHQX
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