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Integrity Short Term Government Fund (MDSIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund invests at least 95% of its assets in U.S. government and agency mortgage-backed securities and other securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, and collateralized mortgage obligations ("CMOs"), backed by U.S. government and agency MBS. Under normal market conditions, the target dollar-weighted average effective duration for the fund is expected to range between one and three years.

Looking to diversify beyond MDSIX? The mutual funds below have the lowest correlation with MDSIX — 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 MDSIX.

Best Diversifiers for MDSIX

3 mutual funds have low correlation with MDSIX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GUSTX
GMO U.S. Treasury Fund0.040.020.03
99
Government BondsMDSIX vs GUSTX
FEUGX
Federated Hermes Adjustable Rate Fund0.150.420.43
99
Government BondsMDSIX vs FEUGX
DFFGX
DFA Short-Term Government Portfolio0.240.080.32
59
Government BondsMDSIX vs DFFGX
RFBAX
Davis Government Bond Fund0.330.430.55
76
Government BondsMDSIX vs RFBAX
VGIVX
Vanguard Emerging Markets Government Bond Index Fu...0.520.590.57
76
Government BondsMDSIX vs VGIVX
See all 14 diversifiers for MDSIX

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