Looking to diversify beyond MXSHX? The mutual funds below have the lowest correlation with MXSHX — 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 MXSHX.
Best Diversifiers for MXSHX
2 mutual funds have low correlation with MXSHX (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 -0.15, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.15 | 0.05 | 0.13 | 76 | Diversified Portfolio | MXSHX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.21 | 0.49 | 63 | Diversified Portfolio | MXSHX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.58 | 0.60 | 96 | Diversified Portfolio | MXSHX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | 0.60 | 95 | Diversified Portfolio | MXSHX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.58 | 0.60 | 96 | Diversified Portfolio | MXSHX vs FIQDX |
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