Looking to diversify beyond MGKQX? The mutual funds below have the lowest correlation with MGKQX — 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 MGKQX.
Best Diversifiers for MGKQX
3 mutual funds have low correlation with MGKQX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) (Ultrashort Bond) with a 1Y correlation of 0.02, up from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.02 | -0.04 | -0.09 | 97 | Ultrashort Bond | MGKQX vs TSDUX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.07 | 0.03 | 0.03 | 99 | Ultrashort Bond | MGKQX vs MUIIX | |
| Morgan Stanley China A Share Fund | 0.20 | 0.25 | 0.29 | 83 | China Equities | MGKQX vs CAF | |
| Morgan Stanley Pathway Funds Emerging Markets Equi... | 0.44 | 0.53 | 0.60 | 94 | Emerging Markets Diversified | MGKQX vs TEMUX | |
| Artisan Global Equity Fund | 0.45 | 0.63 | 0.74 | 62 | Global Equities | MGKQX vs ARTHX |
See all 30 diversifiers for MGKQX
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