Looking to diversify beyond MSCVX? The mutual funds below have historically moved differently from MSCVX, 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 MSCVX
10 mutual funds have low correlation with MSCVX (below 0.3), 0 of which are negatively correlated. The least correlated is MainStay Candriam Emerging Markets Equity Fund (MCYVX) (Emerging Markets Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MainStay Candriam Emerging Markets Equity Fund | 0.13 | 0.10 | 0.11 | 66 | Emerging Markets Equities | MSCVX vs MCYVX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.25 | 0.34 | 100 | Municipal Bonds | MSCVX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.29 | — | 100 | Municipal Bonds | MSCVX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 0.23 | 0.28 | 0.29 | 100 | Municipal Bonds | MSCVX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 0.23 | 0.32 | 0.41 | 99 | Municipal Bonds | MSCVX vs DNYMX |
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