Looking to diversify beyond MSAQX? The mutual funds below have historically moved differently from MSAQX, 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 MSAQX
1 mutual funds have low correlation with MSAQX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) (Ultrashort Bond) with a 1Y correlation of 0.12, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.12 | 0.03 | 0.06 | 99 | Ultrashort Bond | MSAQX vs MUIIX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.40 | 0.31 | 0.34 | 51 | Emerging Markets Bonds | MSAQX vs EDD | |
| DFA Japanese Small Company Portfolio | 0.44 | 0.40 | 0.42 | 52 | Japan Equities, Asia Pacific Equities | MSAQX vs DFJSX | |
| Morgan Stanley China A Share Fund | 0.52 | 0.58 | 0.63 | 69 | China Equities, Asia Pacific Equities | MSAQX vs CAF | |
| Fidelity SAI Japan Stock Index Fund | 0.60 | 0.51 | 0.51 | 50 | Japan Equities, Asia Pacific Equities | MSAQX vs FSJPX |
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