Looking to diversify beyond MXBPX? The mutual funds below have historically moved differently from MXBPX, 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 MXBPX
2 mutual funds have low correlation with MXBPX (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 -0.13, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.13 | 0.04 | 0.12 | 77 | Diversified Portfolio | MXBPX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.16 | 0.47 | 66 | Diversified Portfolio | MXBPX vs MHELX | |
| Great-West Short Duration Bond Fund | 0.36 | 0.23 | 0.23 | 94 | Short-Term Bond | MXBPX vs MXSDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.57 | 0.60 | 87 | Diversified Portfolio | MXBPX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.41 | 0.58 | 0.61 | 95 | Diversified Portfolio | MXBPX vs FSRRX |
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