Looking to diversify beyond MMD? The mutual funds below have the lowest correlation with MMD — 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 MMD.
Best Diversifiers for MMD
13 mutual funds have low correlation with MMD (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.04 | 0.09 | 0.07 | 99 | Municipal Bonds | MMD vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.09 | 0.10 | 0.17 | 99 | Municipal Bonds | MMD vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.12 | 0.22 | 0.22 | 99 | Municipal Bonds | MMD vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.12 | 0.21 | 0.18 | 99 | Municipal Bonds | MMD vs USMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.14 | 0.09 | 0.06 | 98 | Municipal Bonds | MMD vs FHMIX |
See all 17 diversifiers for MMD
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MMD
Add MMD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MMD