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
23 mutual funds have low correlation with MRJAX (below 0.3), 19 of which are negatively correlated. The least correlated is Artisan Global Equity Fund (ARTHX) (Global Equities) with a 1Y correlation of -0.09, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Equity Fund | -0.09 | 0.28 | 0.33 | 58 | Global Equities | MRJAX vs ARTHX | |
| SEI Institutional Investments Trust Global Managed... | -0.09 | 0.30 | 0.34 | 61 | Global Equities | MRJAX vs SGMAX | |
| Oberweis Global Opportunities Fund | -0.08 | 0.27 | 0.28 | 69 | Global Equities | MRJAX vs OBEGX | |
| Ariel Global Fund | -0.07 | 0.28 | 0.32 | 86 | Global Equities | MRJAX vs AGLOX | |
| T. Rowe Price Global Technology Fund I Class | -0.06 | 0.16 | 0.19 | 89 | Technology Equities, Global Equities | MRJAX vs PGTIX |
See all 23 diversifiers for MRJAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MRJAX
Add MRJAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MRJAX