Looking to diversify beyond MSCOX? The mutual funds below have historically moved differently from MSCOX, 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 MSCOX
1 mutual funds have low correlation with MSCOX (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 0.07, 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... | 0.07 | 0.03 | 0.06 | 100 | Ultrashort Bond | MSCOX vs MUIIX | |
| Oberweis Micro Cap Fund | 0.60 | 0.72 | 0.74 | 85 | Small Cap Growth Equities | MSCOX vs OBMCX | |
| Dana Epiphany ESG Small Cap Equity Fund | 0.61 | 0.72 | 0.74 | 90 | Small Cap Growth Equities | MSCOX vs DSCIX | |
| Needham Aggressive Growth Fund | 0.63 | 0.69 | 0.72 | 75 | Small Cap Growth Equities | MSCOX vs NEAGX | |
| Needham Aggressive Growth Fund Institutional Class | 0.64 | 0.69 | 0.72 | 77 | Small Cap Growth Equities | MSCOX vs NEAIX |
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