Looking to diversify beyond MISSX? The mutual funds below have the lowest correlation with MISSX — 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 MISSX.
Best Diversifiers for MISSX
11 mutual funds have low correlation with MISSX (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 0.18, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.30 | 0.37 | 99 | Municipal Bonds | MISSX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.29 | — | 100 | Municipal Bonds | MISSX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 0.20 | 0.19 | 0.14 | 99 | Municipal Bonds | MISSX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.26 | 0.35 | 99 | Municipal Bonds | MISSX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.23 | 0.32 | 0.41 | 99 | Municipal Bonds | MISSX vs DNYMX |
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