Looking to diversify beyond MXDPX? The mutual funds below have historically moved differently from MXDPX, 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 MXDPX
2 mutual funds have low correlation with MXDPX (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 0.14 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 | 0.05 | 0.14 | 83 | Diversified Portfolio | MXDPX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.16 | 0.45 | 66 | Diversified Portfolio | MXDPX vs MHELX | |
| Great-West Short Duration Bond Fund | 0.38 | 0.29 | 0.30 | 94 | Short-Term Bond | MXDPX vs MXSDX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.41 | 0.59 | 0.62 | 91 | Diversified Portfolio | MXDPX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.41 | 0.58 | 0.61 | 91 | Diversified Portfolio | MXDPX vs FIQDX |
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