Looking to diversify beyond MFSCX? The mutual funds below have the lowest correlation with MFSCX — 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 MFSCX.
Best Diversifiers for MFSCX
11 mutual funds have low correlation with MFSCX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.19 | 0.21 | 96 | Municipal Bonds | MFSCX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.19 | 0.22 | 95 | Municipal Bonds | MFSCX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.26 | 0.36 | 99 | Municipal Bonds | MFSCX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.32 | 0.38 | 99 | Municipal Bonds | MFSCX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.17 | 0.31 | 0.41 | 99 | Municipal Bonds | MFSCX vs DNYMX |
See all 17 diversifiers for MFSCX
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