Looking to diversify beyond MQY? The mutual funds below have historically moved differently from MQY, 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 MQY
16 mutual funds have low correlation with MQY (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 -0.02, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.10 | 0.13 | 91 | Municipal Bonds | MQY vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.01 | 0.10 | 0.14 | 94 | Municipal Bonds | MQY vs DMREX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.03 | -0.03 | -0.15 | 66 | Systematic Trend | MQY vs ASFYX | |
| abrdn Ultra Short Municipal Income Fund | 0.04 | 0.08 | 0.09 | 100 | Municipal Bonds | MQY vs ATOIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.06 | 0.08 | 0.06 | 97 | Equity Market Neutral | MQY vs BDMIX |
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