Looking to diversify beyond MPSSX? The mutual funds below have the lowest correlation with MPSSX — 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 MPSSX.
Best Diversifiers for MPSSX
0 mutual funds have low correlation with MPSSX (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 0.51, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.51 | 0.62 | 0.64 | 59 | Energy Equities | MPSSX vs DNLAX | |
| BNY Mellon Technology Growth Fund | 0.63 | 0.66 | 0.73 | 72 | Technology Equities | MPSSX vs DTGRX | |
| BNY Mellon Global Real Return Fund - Class I | 0.64 | 0.65 | 0.58 | 74 | Tactical Allocation | MPSSX vs DRRIX | |
| BNY Mellon Institutional S&P 500 Stock Index Fund | 0.77 | 0.77 | 0.82 | 66 | S&P 500 | MPSSX vs DSPIX | |
| BNY Mellon S&P 500 Index Fund | 0.77 | 0.77 | 0.82 | 63 | S&P 500 | MPSSX vs PEOPX |
See all 18 diversifiers for MPSSX
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