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
16 mutual funds have low correlation with MHF (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.03, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.03 | 0.11 | 0.15 | 99 | Municipal Bonds | MHF vs USMSX | |
| abrdn Ultra Short Municipal Income Fund | 0.08 | 0.06 | 0.06 | 99 | Municipal Bonds | MHF vs ATOIX | |
| Nuveen Massachusetts Quality Municipal Income Fund | 0.08 | 0.23 | 0.24 | 57 | Municipal Bonds | MHF vs NMT | |
| Federated Hermes Conservative Municipal Microshort... | 0.10 | 0.02 | 0.02 | 99 | Municipal Bonds | MHF vs FHMIX | |
| DFA NY Municipal Bond Portfolio | 0.11 | 0.13 | 0.16 | 99 | Municipal Bonds | MHF vs DNYMX |
See all 18 diversifiers for MHF
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