Looking to diversify beyond MDOEX? The mutual funds below have historically moved differently from MDOEX, 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 MDOEX
3 mutual funds have low correlation with MDOEX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) (Ultrashort Bond) with a 1Y correlation of 0.13, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.13 | 0.02 | 0.05 | 100 | Ultrashort Bond | MDOEX vs MUIIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.14 | 0.45 | 0.52 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | MDOEX vs GSIYX | |
| The Cook & Bynum Fund | 0.24 | 0.34 | 0.42 | 70 | Emerging Markets Equities | MDOEX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.40 | 0.55 | 0.63 | 91 | Emerging Markets Equities | MDOEX vs ESCIX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.40 | 0.33 | 0.38 | 53 | Emerging Markets Bonds | MDOEX vs EDD |
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