Looking to diversify beyond MEMEX? The mutual funds below have the lowest correlation with MEMEX — 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 MEMEX.
Best Diversifiers for MEMEX
1 mutual funds have low correlation with MEMEX (below 0.3), 1 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 -0.02, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.02 | -0.02 | -0.01 | 99 | Ultrashort Bond | MEMEX vs MUIIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.53 | 0.67 | 0.72 | 86 | Emerging Markets Diversified | MEMEX vs ESCIX | |
| Janus Henderson Global Equity Income Fund | 0.61 | 0.67 | 0.71 | 56 | Foreign Large Cap Equities | MEMEX vs HFQAX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.64 | 0.74 | 0.78 | 94 | Emerging Markets Diversified | MEMEX vs EMPTX | |
| Cullen Emerging Markets High Dividend Fund | 0.69 | 0.78 | 0.80 | 92 | Emerging Markets Diversified | MEMEX vs CEMFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MEMEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MEMEX and solid risk/return profiles. The least correlated is AST SpaceMobile, Inc. (ASTS) (Communication Services) with a 1Y correlation of 0.34, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | 0.34 | 0.33 | 0.34 | 91 | Communication Services |
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