Looking to diversify beyond MUTHX? The mutual funds below have the lowest correlation with MUTHX — 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 MUTHX.
Best Diversifiers for MUTHX
2 mutual funds have low correlation with MUTHX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.02, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.02 | 0.14 | 0.23 | 73 | Diversified Portfolio | MUTHX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.18 | 0.51 | 64 | Diversified Portfolio | MUTHX vs MHELX | |
| Chartwell Income Fund | 0.35 | 0.42 | 0.52 | 88 | Diversified Portfolio | MUTHX vs BERIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.56 | 0.61 | 95 | Diversified Portfolio | MUTHX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.56 | 0.61 | 96 | Diversified Portfolio | MUTHX vs FSIRX |
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