Looking to diversify beyond MYN? The mutual funds below have historically moved differently from MYN, 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 MYN
16 mutual funds have low correlation with MYN (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of 0.02, up from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.02 | -0.04 | -0.16 | 66 | Systematic Trend | MYN vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.02 | 0.03 | 0.02 | 97 | Equity Market Neutral | MYN vs BDMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.07 | 0.10 | 0.10 | 100 | Municipal Bonds | MYN vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.10 | 0.15 | 0.24 | 100 | Municipal Bonds | MYN vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.10 | 0.10 | 0.07 | 99 | Municipal Bonds | MYN vs FHMIX |
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