Looking to diversify beyond MEMEX? The mutual funds below have historically moved differently from MEMEX, 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 MEMEX
3 mutual funds have low correlation with MEMEX (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 0.08, roughly unchanged from 0.01 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... | 0.08 | -0.01 | 0.01 | 100 | Ultrashort Bond | MEMEX vs MUIIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.21 | 0.51 | 0.64 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | MEMEX vs GSIYX | |
| The Cook & Bynum Fund | 0.29 | 0.39 | 0.48 | 70 | Emerging Markets Equities | MEMEX vs COBYX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.40 | 0.36 | 0.43 | 53 | Emerging Markets Bonds | MEMEX vs EDD | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.44 | 0.63 | 0.70 | 91 | Emerging Markets Equities | MEMEX vs ESCIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MEMEX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is AST SpaceMobile, Inc. (ASTS) (Technology) with a 1Y correlation of 0.36, roughly unchanged from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | 0.36 | 0.34 | 0.35 | 55 | Technology |
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