Looking to diversify beyond MACGX? The mutual funds below have the lowest correlation with MACGX — 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 MACGX.
Best Diversifiers for MACGX
4 mutual funds have low correlation with MACGX (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 -0.07 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 | -0.04 | -0.07 | 98 | Ultrashort Bond | MACGX vs TSDUX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.14 | 0.04 | 0.05 | 99 | Ultrashort Bond | MACGX vs MUIIX | |
| Morgan Stanley Pathway Funds Municipal Bond Fund | 0.20 | 0.13 | 0.13 | 65 | Municipal Bonds | MACGX vs TMUUX | |
| Morgan Stanley China A Share Fund | 0.23 | 0.22 | 0.26 | 85 | China Equities | MACGX vs CAF | |
| Morgan Stanley Pathway Funds Emerging Markets Equi... | 0.45 | 0.47 | 0.52 | 87 | Emerging Markets Diversified | MACGX vs TEMUX |
See all 21 diversifiers for MACGX
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