Looking to diversify beyond MRJAX? The mutual funds below have the lowest correlation with MRJAX — 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 MRJAX.
Best Diversifiers for MRJAX
28 mutual funds have low correlation with MRJAX (below 0.3), 21 of which are negatively correlated. The least correlated is LSV Global Managed Volatility Fund (LVAFX) (Global Equities) with a 1Y correlation of -0.05, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LSV Global Managed Volatility Fund | -0.05 | 0.32 | 0.37 | 93 | Global Equities | MRJAX vs LVAFX | |
| Vanguard Global Minimum Volatility Fund Investor S... | -0.05 | 0.26 | 0.29 | 62 | Global Equities | MRJAX vs VMVFX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | -0.05 | 0.27 | 0.29 | 63 | Global Equities | MRJAX vs VMNVX | |
| GMO Global Equity Allocation Fund | -0.05 | 0.34 | 0.38 | 90 | Global Equities | MRJAX vs GMGEX | |
| GMO Global Developed Equity Allocation Fund | -0.04 | 0.33 | 0.37 | 90 | Global Equities | MRJAX vs GWOAX |
See all 28 diversifiers for MRJAX
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