Looking to diversify beyond MMGAX? The mutual funds below have the lowest correlation with MMGAX — 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 MMGAX.
Best Diversifiers for MMGAX
9 mutual funds have low correlation with MMGAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.15, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.27 | 0.36 | 99 | Municipal Bonds | MMGAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.17 | 0.29 | — | 100 | Municipal Bonds | MMGAX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.17 | 0.31 | 0.41 | 99 | Municipal Bonds | MMGAX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.17 | 0.31 | 0.39 | 99 | Municipal Bonds | MMGAX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.20 | 0.31 | 0.41 | 99 | Municipal Bonds | MMGAX vs DFCMX |
See all 14 diversifiers for MMGAX
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