Looking to diversify beyond MXSHX? The mutual funds below have historically moved differently from MXSHX, 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 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 -0.22, down from 0.09 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... | -0.22 | -0.00 | 0.09 | 77 | Diversified Portfolio | MXSHX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.15 | 0.45 | 66 | Diversified Portfolio | MXSHX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.55 | 0.58 | 90 | Diversified Portfolio | MXSHX vs FSIRX | |
| Great-West Real Estate Index Fund | 0.35 | 0.51 | 0.57 | 78 | REIT | MXSHX vs MXREX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.55 | 0.58 | 87 | Diversified Portfolio | MXSHX vs FCSRX |
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