Looking to diversify beyond CPODX? The mutual funds below have the lowest correlation with CPODX — 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 CPODX.
Best Diversifiers for CPODX
3 mutual funds have low correlation with CPODX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) (Ultrashort Bond) with a 1Y correlation of 0.06, up from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.06 | -0.03 | -0.06 | 95 | Ultrashort Bond | CPODX vs TSDUX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.06 | 0.02 | 0.03 | 99 | Ultrashort Bond | CPODX vs MUIIX | |
| Morgan Stanley China A Share Fund | 0.22 | 0.24 | 0.28 | 87 | China Equities | CPODX vs CAF | |
| Emerald Insights Fund | 0.32 | 0.68 | 0.75 | 98 | Large Cap Growth Equities | CPODX vs EFCNX | |
| Morgan Stanley Pathway Funds High Yield Fund | 0.33 | 0.36 | 0.38 | 51 | High Yield Bonds | CPODX vs THYUX |
See all 30 diversifiers for CPODX
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