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
25 mutual funds have low correlation with MRJAX (below 0.3), 5 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund I Class (PGTIX) (Technology Equities) with a 1Y correlation of -0.02, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | -0.02 | 0.16 | 0.19 | 82 | Technology Equities, Global Equities | MRJAX vs PGTIX | |
| USAA Cornerstone Equity Fund | -0.02 | 0.31 | 0.35 | 70 | Global Equities | MRJAX vs UCEQX | |
| Ariel Global Fund | -0.00 | 0.28 | 0.32 | 85 | Global Equities | MRJAX vs AGLOX | |
| Oberweis Global Opportunities Fund | -0.00 | 0.27 | 0.27 | 71 | Global Equities | MRJAX vs OBEGX | |
| SEI Institutional Investments Trust Global Managed... | -0.00 | 0.29 | 0.33 | 65 | Global Equities | MRJAX vs SGMAX |
See all 25 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