Looking to diversify beyond MSCOX? The mutual funds below have the lowest correlation with MSCOX — 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 MSCOX.
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 0.03, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.03 | 0.02 | 0.05 | 99 | Ultrashort Bond | MSCOX vs MUIIX | |
| Dana Epiphany ESG Small Cap Equity Fund | 0.64 | 0.72 | 0.74 | 86 | Small Cap Growth Equities | MSCOX vs DSCIX | |
| Oberweis Micro Cap Fund | 0.64 | 0.72 | 0.75 | 89 | Small Cap Growth Equities | MSCOX vs OBMCX | |
| Needham Small Cap Growth Fund Institutional | 0.65 | 0.71 | 0.77 | 94 | Small Cap Growth Equities | MSCOX vs NESIX | |
| Needham Aggressive Growth Fund | 0.65 | 0.69 | 0.72 | 92 | Small Cap Growth Equities | MSCOX vs NEAGX |
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