Looking to diversify beyond MSFAX? The mutual funds below have the lowest correlation with MSFAX — 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 MSFAX.
Best Diversifiers for MSFAX
3 mutual funds have low correlation with MSFAX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Science And Technology Fund (PRSCX) (Technology Equities) with a 1Y correlation of 0.22, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.22 | 0.44 | 0.57 | 87 | Technology Equities | MSFAX vs PRSCX | |
| GMO Climate Change Fund | 0.27 | 0.43 | 0.52 | 87 | Global Equities | MSFAX vs GCCHX | |
| T. Rowe Price Global Technology Fund I Class | 0.29 | 0.45 | 0.55 | 87 | Technology Equities, Global Equities | MSFAX vs PGTIX | |
| New Alternatives Fund | 0.32 | 0.44 | 0.56 | 59 | Global Equities | MSFAX vs NALFX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.37 | 0.48 | 0.61 | 51 | Global Equities | MSFAX vs CSUAX |
See all 28 diversifiers for MSFAX
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