Looking to diversify beyond MPMCX? The mutual funds below have the lowest correlation with MPMCX — 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 MPMCX.
Best Diversifiers for MPMCX
0 mutual funds have low correlation with MPMCX (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 0.45, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.45 | 0.57 | 0.60 | 59 | Energy Equities | MPMCX vs DNLAX | |
| BNY Mellon Technology Growth Fund | 0.55 | 0.67 | 0.76 | 72 | Technology Equities | MPMCX vs DTGRX | |
| BNY Mellon Global Real Return Fund - Class I | 0.60 | 0.67 | 0.61 | 74 | Tactical Allocation | MPMCX vs DRRIX | |
| Essex Environmental Opportunities Fund | 0.61 | 0.76 | 0.81 | 63 | Mid Cap Growth Equities | MPMCX vs EEOFX | |
| Needham Growth Fund | 0.66 | 0.73 | 0.80 | 92 | Mid Cap Growth Equities | MPMCX vs NEEGX |
See all 18 diversifiers for MPMCX
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