Looking to diversify beyond MXXIX? The mutual funds below have historically moved differently from MXXIX, 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 MXXIX
3 mutual funds have low correlation with MXXIX (below 0.3), 0 of which are negatively correlated. The least correlated is Parametric Commodity Strategy Fund Class A (EAPCX) (Commodities) with a 1Y correlation of 0.01, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Parametric Commodity Strategy Fund Class A | 0.01 | 0.09 | 0.14 | 84 | Commodities | MXXIX vs EAPCX | |
| AQR Managed Futures Strategy Fund - Class I | 0.14 | 0.12 | -0.07 | 90 | Systematic Trend | MXXIX vs AQMIX | |
| Nationwide Amundi Strategic Income Fund | 0.16 | 0.06 | -0.02 | 99 | Multisector Bonds | MXXIX vs NWXHX | |
| Thornburg Investment Income Builder Fund | 0.49 | 0.53 | 0.60 | 98 | Global Allocation | MXXIX vs TIBAX | |
| Vanguard Wellesley Income Fund Admiral Shares | 0.53 | 0.54 | 0.57 | 70 | Diversified Portfolio | MXXIX vs VWIAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MXXIX
Add MXXIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MXXIX