Looking to diversify beyond MXFIX? The mutual funds below have the lowest correlation with MXFIX — 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 MXFIX.
Best Diversifiers for MXFIX
12 mutual funds have low correlation with MXFIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.11, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.11 | 0.05 | 0.12 | 80 | Bank Loan | MXFIX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.07 | 0.07 | 0.07 | 98 | Bank Loan | MXFIX vs CAPIX | |
| MainStay Short Term Bond Fund | 0.11 | 0.09 | 0.09 | 87 | Short-Term Bond | MXFIX vs MIXIX | |
| MainStay WMC Value Fund | 0.21 | 0.24 | 0.24 | 53 | Large Cap Value Equities | MXFIX vs MUBFX | |
| MainStay MacKay Strategic Bond Fund | 0.22 | 0.16 | 0.23 | 77 | Nontraditional Bonds | MXFIX vs MASAX |
See all 35 diversifiers for MXFIX
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Diversification Analysis
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