Looking to diversify beyond MVCAX? The mutual funds below have historically moved differently from MVCAX, 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 MVCAX
8 mutual funds have low correlation with MVCAX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.15, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.15 | 0.00 | 0.17 | 70 | Commodities | MVCAX vs PCLAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.18 | 0.23 | 0.13 | 98 | Nontraditional Bonds | MVCAX vs EGRIX | |
| MFS California Municipal Bond Fund | 0.22 | 0.17 | 0.12 | 75 | Municipal Bonds | MVCAX vs MCFTX | |
| American Funds Tax-Exempt Fund of California | 0.25 | 0.17 | 0.11 | 73 | Municipal Bonds | MVCAX vs TAFTX | |
| Franklin California Tax Free Income Fund | 0.26 | 0.18 | 0.10 | 75 | Municipal Bonds | MVCAX vs FKTFX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MVCAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.30, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.30 | 0.42 | 0.52 | 53 | Financial Services |
Build a portfolio that complements MVCAX
Add MVCAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MVCAX