Looking to diversify beyond MQY? The mutual funds below have the lowest correlation with MQY — 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 MQY.
Best Diversifiers for MQY
23 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 -0.04, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.11 | 0.13 | 96 | Municipal Bonds | MQY vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.02 | 0.11 | 0.14 | 95 | Municipal Bonds | MQY vs DMREX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.05 | -0.03 | -0.14 | 67 | Systematic Trend | MQY vs ASFYX | |
| abrdn Ultra Short Municipal Income Fund | 0.10 | 0.09 | 0.09 | 99 | Municipal Bonds | MQY vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.10 | 0.11 | 0.19 | 99 | Municipal Bonds | MQY vs DFSMX |
See all 263 diversifiers for MQY
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