Looking to diversify beyond MFSMX? The mutual funds below have the lowest correlation with MFSMX — 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 MFSMX.
Best Diversifiers for MFSMX
11 mutual funds have low correlation with MFSMX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.19 | 0.22 | 96 | Municipal Bonds | MFSMX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.02 | 0.20 | 0.22 | 95 | Municipal Bonds | MFSMX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.27 | 0.35 | 99 | Municipal Bonds | MFSMX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.32 | 0.41 | 99 | Municipal Bonds | MFSMX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.33 | 0.39 | 99 | Municipal Bonds | MFSMX vs USMSX |
See all 19 diversifiers for MFSMX
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