PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Morgan Stanley Institutional Fund Trust Global Strategist Portfolio (MPBAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 6, 2026

The investment seeks above-average total return over a market cycle of three to five years. The fund seeks to achieve its investment objective by investing primarily in a blend of equity and fixed income securities of U.S. and non-U.S. issuers. Equity securities may include common and preferred stocks, depositary receipts, convertible securities, equity-linked securities, real estate investment trusts ("REITs"), rights and warrants to purchase equity securities and limited partnership interests. It may invest a portion of its assets in below investment grade fixed-income securities. The fund may also invest in restricted and illiquid securities.

Looking to diversify beyond MPBAX? The mutual funds below have the lowest correlation with MPBAX — 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 MPBAX.

Best Diversifiers for MPBAX

2 mutual funds have low correlation with MPBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) (Ultrashort Bond) with a 1Y correlation of 0.05, roughly unchanged from 0.01 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MUIIX
Morgan Stanley Institutional Fund Trust Ultra-Shor...0.050.020.01
99
Ultrashort BondMPBAX vs MUIIX
LFMIX
LoCorr Macro Strategies Fund Class I0.260.06-0.07
85
Global AllocationMPBAX vs LFMIX
WMRIX
Wilmington Real Asset Fund0.330.560.63
84
Global AllocationMPBAX vs WMRIX
HRLYX
Hartford Real Asset Fund0.440.610.70
97
Global AllocationMPBAX vs HRLYX
RALIX
Lazard Real Assets Portfolio0.450.630.69
83
Global AllocationMPBAX vs RALIX
See all 18 diversifiers for MPBAX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements MPBAX

Add MPBAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with MPBAX