Looking to diversify beyond MFARX? The mutual funds below have the lowest correlation with MFARX — 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 MFARX.
Best Diversifiers for MFARX
9 mutual funds have low correlation with MFARX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.12, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.12 | 0.29 | 0.36 | 99 | Municipal Bonds | MFARX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.30 | 0.38 | 99 | Municipal Bonds | MFARX vs USMTX | |
| Federated Hermes Conservative Municipal Microshort... | 0.19 | 0.17 | — | 98 | Municipal Bonds | MFARX vs FHMIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.28 | 0.39 | 100 | Municipal Bonds | MFARX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.19 | 0.31 | 0.40 | 99 | Municipal Bonds | MFARX vs DNYMX |
See all 14 diversifiers for MFARX
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