Looking to diversify beyond MPA? The mutual funds below have the lowest correlation with MPA — 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 MPA.
Best Diversifiers for MPA
33 mutual funds have low correlation with MPA (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.12 | 0.12 | 96 | Municipal Bonds | MPA vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.00 | 0.10 | 0.11 | 95 | Municipal Bonds | MPA vs DMREX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.01 | 0.02 | -0.02 | 92 | Long-Short | MPA vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.02 | -0.08 | -0.14 | 67 | Systematic Trend | MPA vs ASFYX | |
| DFA NY Municipal Bond Portfolio | 0.03 | 0.20 | 0.24 | 99 | Municipal Bonds | MPA vs DNYMX |
See all 207 diversifiers for MPA
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