Looking to diversify beyond MRSAX? The mutual funds below have the lowest correlation with MRSAX — 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 MRSAX.
Best Diversifiers for MRSAX
0 mutual funds have low correlation with MRSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.54, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.54 | 0.60 | 0.71 | 63 | Foreign Large Cap Equities | MRSAX vs IVFIX | |
| Thornburg Global Opportunities Fund | 0.65 | 0.74 | 0.79 | 86 | Foreign Large Cap Equities | MRSAX vs THOIX | |
| American Beacon Tocqueville International Value Fu... | 0.65 | 0.71 | 0.81 | 84 | Foreign Large Cap Equities | MRSAX vs TIVFX | |
| EuroPac International Dividend Income Fund Class A | 0.67 | 0.68 | 0.72 | 75 | Foreign Large Cap Equities, Dividend | MRSAX vs EPDPX | |
| PIMCO RAE PLUS International Fund | 0.68 | 0.67 | 0.69 | 83 | Foreign Large Cap Equities | MRSAX vs PTSIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MRSAX
Add MRSAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MRSAX