Looking to diversify beyond MRSIX? The mutual funds below have historically moved differently from MRSIX, 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 MRSIX
0 mutual funds have low correlation with MRSIX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Strategic Municipal Income Fund (INTAX) (Municipal Bonds) with a 1Y correlation of 0.35, up from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Strategic Municipal Income Fund | 0.35 | 0.23 | 0.20 | 86 | Municipal Bonds | MRSIX vs INTAX | |
| Columbia High Yield Municipal Fund | 0.35 | 0.22 | 0.20 | 94 | High Yield Muni | MRSIX vs SRHMX | |
| BlackRock Event Driven Equity Fund | 0.41 | 0.50 | 0.56 | 82 | Event Driven | MRSIX vs BILPX | |
| Federated Hermes International Strategic Value Div... | 0.50 | 0.59 | 0.69 | 88 | Foreign Large Cap Equities | MRSIX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.51 | 0.70 | 0.77 | 61 | Foreign Large Cap Equities | MRSIX vs GSIMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MRSIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.10, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.10 | 0.32 | 0.44 | 61 | Financial Services |
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