Looking to diversify beyond MRLIX? The mutual funds below have historically moved differently from MRLIX, 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 MRLIX
0 mutual funds have low correlation with MRLIX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Yacktman Focused Fund (YAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.41, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.41 | 0.56 | 0.67 | 89 | Large Cap Value Equities | MRLIX vs YAFFX | |
| AMG Yacktman Fund | 0.49 | 0.62 | 0.72 | 91 | Large Cap Value Equities | MRLIX vs YACKX | |
| Davis New York Venture Fund Class Y | 0.72 | 0.75 | 0.78 | 90 | Large Cap Growth Equities | MRLIX vs DNVYX | |
| ICON Equity Fund | 0.75 | 0.72 | 0.77 | 80 | Large Cap Growth Equities | MRLIX vs IOLZX | |
| Fidelity OTC Portfolio Class K | 0.77 | 0.80 | 0.85 | 76 | Large Cap Growth Equities | MRLIX vs FOCKX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MRLIX
Add MRLIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MRLIX