Looking to diversify beyond MSEQX? The mutual funds below have the lowest correlation with MSEQX — 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 MSEQX.
Best Diversifiers for MSEQX
5 mutual funds have low correlation with MSEQX (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 0.06, 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... | 0.06 | -0.03 | -0.07 | 97 | Ultrashort Bond | MSEQX vs TSDUX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.07 | 0.01 | 0.03 | 99 | Ultrashort Bond | MSEQX vs MUIIX | |
| Morgan Stanley Pathway Funds Municipal Bond Fund | 0.17 | 0.14 | 0.13 | 61 | Municipal Bonds | MSEQX vs TMUUX | |
| Guggenheim Limited Duration Fund | 0.18 | 0.16 | 0.18 | 88 | Short-Term Bond | MSEQX vs GILHX | |
| Morgan Stanley China A Share Fund | 0.21 | 0.24 | 0.27 | 83 | China Equities | MSEQX vs CAF |
See all 35 diversifiers for MSEQX
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