Looking to diversify beyond MPEGX? The mutual funds below have historically moved differently from MPEGX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MPEGX
4 mutual funds have low correlation with MPEGX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) (Ultrashort Bond) with a 1Y correlation of 0.10, up from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.10 | -0.00 | -0.06 | 97 | Ultrashort Bond | MPEGX vs TSDUX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.12 | 0.04 | 0.05 | 100 | Ultrashort Bond | MPEGX vs MUIIX | |
| Morgan Stanley Pathway Funds Municipal Bond Fund | 0.26 | 0.14 | 0.14 | 55 | Municipal Bonds | MPEGX vs TMUUX | |
| Morgan Stanley China A Share Fund | 0.29 | 0.22 | 0.27 | 73 | China Equities, Asia Pacific Equities | MPEGX vs CAF | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.34 | 0.30 | 0.33 | 53 | Emerging Markets Bonds | MPEGX vs EDD |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MPEGX
Add MPEGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MPEGX