Looking to diversify beyond MPITX? The mutual funds below have the lowest correlation with MPITX — 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 MPITX.
Best Diversifiers for MPITX
0 mutual funds have low correlation with MPITX (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 0.49, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.49 | 0.53 | 0.54 | 89 | Energy Equities | MPITX vs DNLAX | |
| BNY Mellon Technology Growth Fund | 0.54 | 0.50 | 0.58 | 79 | Technology Equities | MPITX vs DTGRX | |
| BNY Mellon Smallcap Stock Index Fund | 0.59 | 0.59 | 0.64 | 56 | Small Cap Blend Equities | MPITX vs DISSX | |
| Kopernik International Fund | 0.59 | 0.50 | 0.61 | 81 | Foreign Large Cap Equities | MPITX vs KGIIX | |
| Thornburg Global Opportunities Fund | 0.63 | 0.70 | 0.76 | 94 | Foreign Large Cap Equities | MPITX vs THOIX |
See all 26 diversifiers for MPITX
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