Looking to diversify beyond MXXIX? The mutual funds below have the lowest correlation with MXXIX — 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 MXXIX.
Best Diversifiers for MXXIX
3 mutual funds have low correlation with MXXIX (below 0.3), 1 of which are negatively correlated. The least correlated is Parametric Commodity Strategy Fund Class A (EAPCX) (Commodities) with a 1Y correlation of -0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Parametric Commodity Strategy Fund Class A | -0.02 | 0.10 | 0.14 | 55 | Commodities | MXXIX vs EAPCX | |
| Nationwide Amundi Strategic Income Fund | 0.12 | 0.06 | -0.02 | 99 | Multisector Bonds | MXXIX vs NWXHX | |
| AQR Managed Futures Strategy Fund | 0.14 | 0.10 | -0.07 | 90 | Systematic Trend | MXXIX vs AQMIX | |
| Baron Partners Fund | 0.48 | 0.59 | 0.68 | 72 | Large Cap Growth Equities | MXXIX vs BPTRX | |
| Thornburg Investment Income Builder Fund | 0.50 | 0.54 | 0.61 | 98 | Global Allocation | MXXIX vs TIBAX |
See all 24 diversifiers for MXXIX
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