Looking to diversify beyond MXBPX? The mutual funds below have the lowest correlation with MXBPX — 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 MXBPX.
Best Diversifiers for MXBPX
1 mutual funds have low correlation with MXBPX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.20 | 0.49 | 75 | Diversified Portfolio | MXBPX vs MHELX | |
| Great-West Short Duration Bond Fund | 0.33 | 0.23 | 0.23 | 88 | Short-Term Bond | MXBPX vs MXSDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.42 | 0.59 | 0.61 | 82 | Diversified Portfolio | MXBPX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.42 | 0.59 | 0.61 | 87 | Diversified Portfolio | MXBPX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.43 | 0.59 | 0.61 | 87 | Diversified Portfolio | MXBPX vs FSIRX |
See all 36 diversifiers for MXBPX
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