Looking to diversify beyond MPEGX? The mutual funds below have the lowest correlation with MPEGX — 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 MPEGX.
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 0.07, up from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.07 | -0.04 | -0.07 | 97 | Ultrashort Bond | MPEGX vs TSDUX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.08 | 0.03 | 0.04 | 99 | Ultrashort Bond | MPEGX vs MUIIX | |
| Morgan Stanley Pathway Funds Municipal Bond Fund | 0.14 | 0.13 | 0.13 | 61 | Municipal Bonds | MPEGX vs TMUUX | |
| Morgan Stanley China A Share Fund | 0.20 | 0.23 | 0.26 | 83 | China Equities | MPEGX vs CAF | |
| Morgan Stanley Pathway Funds Emerging Markets Equi... | 0.41 | 0.47 | 0.52 | 94 | Emerging Markets Diversified | MPEGX vs TEMUX |
See all 22 diversifiers for MPEGX
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Diversification Analysis
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