Looking to diversify beyond MFWVX? The mutual funds below have the lowest correlation with MFWVX — 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 MFWVX.
Best Diversifiers for MFWVX
8 mutual funds have low correlation with MFWVX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.18, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.27 | 0.35 | 99 | Municipal Bonds | MFWVX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.18 | 0.28 | 0.40 | 100 | Municipal Bonds | MFWVX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 0.21 | 0.19 | 0.14 | 99 | Municipal Bonds | MFWVX vs FHMIX | |
| DFA California Short Term Municipal Bond Portfolio | 0.23 | 0.34 | 0.41 | 99 | Municipal Bonds | MFWVX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.23 | 0.33 | 0.38 | 99 | Municipal Bonds | MFWVX vs USMSX |
See all 18 diversifiers for MFWVX
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