Looking to diversify beyond MPMCX? The mutual funds below have historically moved differently from MPMCX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.43, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.43 | 0.56 | 0.59 | 85 | Energy Equities | MPMCX vs DNLAX | |
| BNY Mellon Global Real Return Fund - Class I | 0.56 | 0.66 | 0.60 | 82 | Tactical Allocation | MPMCX vs DRRIX | |
| Needham Growth Fund Institutional Class | 0.62 | 0.71 | 0.79 | 53 | Mid Cap Growth Equities | MPMCX vs NEEIX | |
| Needham Growth Fund | 0.62 | 0.71 | 0.79 | 57 | Mid Cap Growth Equities | MPMCX vs NEEGX | |
| Timothy Plan Aggressive Growth Fund | 0.63 | 0.80 | 0.87 | 66 | Mid Cap Growth Equities | MPMCX vs TAAGX |
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