Looking to diversify beyond MSFAX? The mutual funds below have historically moved differently from MSFAX, 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 MSFAX
10 mutual funds have low correlation with MSFAX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO Climate Change Fund (GCCHX) (Global Equities) with a 1Y correlation of 0.18, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Climate Change Fund | 0.18 | 0.39 | 0.50 | 61 | Global Equities | MSFAX vs GCCHX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.23 | 0.20 | 0.28 | 90 | Multistrategy, Systematic Trend, Global Equities | MSFAX vs MBXIX | |
| Oberweis Global Opportunities Fund | 0.23 | 0.45 | 0.59 | 54 | Global Equities | MSFAX vs OBEGX | |
| New Alternatives Fund | 0.23 | 0.41 | 0.54 | 54 | Global Equities | MSFAX vs NALFX | |
| Calvert Global Energy Solutions Fund | 0.24 | 0.47 | 0.62 | 51 | Global Equities | MSFAX vs CAEIX |
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