Looking to diversify beyond MSEGX? The mutual funds below have the lowest correlation with MSEGX — 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 MSEGX.
Best Diversifiers for MSEGX
4 mutual funds have low correlation with MSEGX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) (Ultrashort Bond) with a 1Y correlation of 0.05, up from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.05 | -0.03 | -0.07 | 97 | Ultrashort Bond | MSEGX vs TSDUX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.07 | 0.02 | 0.03 | 99 | Ultrashort Bond | MSEGX vs MUIIX | |
| Morgan Stanley Pathway Funds Municipal Bond Fund | 0.17 | 0.14 | 0.13 | 61 | Municipal Bonds | MSEGX vs TMUUX | |
| Morgan Stanley China A Share Fund | 0.21 | 0.24 | 0.27 | 83 | China Equities | MSEGX vs CAF | |
| Emerald Insights Fund | 0.32 | 0.68 | 0.75 | 99 | Large Cap Growth Equities | MSEGX vs EFCNX |
See all 37 diversifiers for MSEGX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MSEGX
Add MSEGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MSEGX