Looking to diversify beyond MHF? The mutual funds below have the lowest correlation with MHF — 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 MHF.
Best Diversifiers for MHF
15 mutual funds have low correlation with MHF (below 0.3), 0 of which are negatively correlated. The least correlated is Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX) (Municipal Bonds) with a 1Y correlation of 0.01, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cavanal Hill Ultra Short Tax-Free Income Fund | 0.01 | -0.06 | 0.00 | 99 | Municipal Bonds | MHF vs APUSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.05 | 0.12 | 0.13 | 99 | Municipal Bonds | MHF vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.06 | 0.10 | 0.14 | 99 | Municipal Bonds | MHF vs DFCMX | |
| abrdn Ultra Short Municipal Income Fund | 0.07 | 0.05 | 0.06 | 99 | Municipal Bonds | MHF vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.09 | 0.12 | — | 100 | Municipal Bonds | MHF vs DFABX |
See all 16 diversifiers for MHF
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