Looking to diversify beyond MTMIX? The mutual funds below have the lowest correlation with MTMIX — 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 MTMIX.
Best Diversifiers for MTMIX
1 mutual funds have low correlation with MTMIX (below 0.3), 0 of which are negatively correlated. The least correlated is MainStay Floating Rate Fund (MXFIX) (Bank Loan) with a 1Y correlation of 0.14, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MainStay Floating Rate Fund | 0.14 | 0.12 | 0.14 | 64 | Bank Loan | MTMIX vs MXFIX | |
| NYLI S&P 500 Index Class A | 0.30 | 0.21 | 0.17 | 63 | S&P 500 | MTMIX vs MSXAX | |
| MainStay S&P 500 Index Fund | 0.31 | 0.21 | 0.17 | 65 | Large Cap Blend Equities | MTMIX vs MSPIX | |
| MainStay Epoch U.S. Equity Yield Fund | 0.33 | 0.25 | 0.18 | 84 | Large Cap Value Equities | MTMIX vs EPLCX | |
| Holbrook Income Fund Class I | 0.34 | 0.34 | 0.39 | 98 | Intermediate Core-Plus Bond | MTMIX vs HOBIX |
See all 16 diversifiers for MTMIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MTMIX
Add MTMIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MTMIX