Looking to diversify beyond MWMIX? The mutual funds below have historically moved differently from MWMIX, 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 MWMIX
0 mutual funds have low correlation with MWMIX (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Global Resources Fund (GHAAX) (Energy Equities) with a 1Y correlation of 0.33, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Global Resources Fund | 0.33 | 0.48 | 0.53 | 66 | Energy Equities | MWMIX vs GHAAX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.36 | 0.18 | 0.17 | 97 | Large Cap Blend Equities | MWMIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.43 | 0.34 | 0.38 | 59 | Preferred Stock | MWMIX vs ORDNX | |
| Archer Multi Cap Fund | 0.44 | 0.65 | 0.76 | 67 | Large Cap Blend Equities | MWMIX vs ALSMX | |
| PRIMECAP Odyssey Growth Fund | 0.51 | 0.68 | 0.79 | 89 | Large Cap Blend Equities | MWMIX vs POGRX |
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