Looking to diversify beyond MYN? The mutual funds below have the lowest correlation with MYN — 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 MYN.
Best Diversifiers for MYN
18 mutual funds have low correlation with MYN (below 0.3), 0 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of 0.03, up from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.03 | -0.05 | -0.16 | 60 | Systematic Trend | MYN vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.05 | 0.03 | 0.02 | 95 | Long-Short | MYN vs BDMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.09 | 0.10 | 0.10 | 99 | Municipal Bonds | MYN vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.11 | 0.09 | 0.07 | 99 | Municipal Bonds | MYN vs FHMIX | |
| DFA California Short Term Municipal Bond Portfolio | 0.12 | 0.18 | 0.25 | 99 | Municipal Bonds | MYN vs DFCMX |
See all 27 diversifiers for MYN
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