Looking to diversify beyond MRSIX? The mutual funds below have the lowest correlation with MRSIX — 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 MRSIX.
Best Diversifiers for MRSIX
1 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 0.30, up from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Strategic Municipal Income Fund | 0.30 | 0.22 | 0.19 | 72 | Municipal Bonds | MRSIX vs INTAX | |
| Columbia High Yield Municipal Fund | 0.31 | 0.22 | 0.19 | 83 | High Yield Muni | MRSIX vs SRHMX | |
| BlackRock Event Driven Equity Fund | 0.47 | 0.52 | 0.58 | 74 | Event Driven | MRSIX vs BILPX | |
| MFS Emerging Markets Debt Fund | 0.52 | 0.42 | 0.44 | 82 | Emerging Markets Bonds | MRSIX vs MEDIX | |
| Kopernik International Fund | 0.58 | 0.49 | 0.61 | 54 | Foreign Large Cap Equities | MRSIX vs KGIIX |
See all 34 diversifiers for MRSIX
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