Looking to diversify beyond MSFRX? The mutual funds below have historically moved differently from MSFRX, 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 MSFRX
4 mutual funds have low correlation with MSFRX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.46 | 68 | Diversified Portfolio | MSFRX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.08 | 0.17 | 0.24 | 83 | Diversified Portfolio | MSFRX vs SIFAX | |
| AB Emerging Markets Multi-Asset Portfolio | 0.25 | 0.42 | 0.50 | 65 | Diversified Portfolio | MSFRX vs ABIEX | |
| Allspring Diversified Capital Builder Fund | 0.30 | 0.51 | 0.67 | 88 | Diversified Portfolio | MSFRX vs EKBAX | |
| Fidelity Capital & Income Fund | 0.32 | 0.56 | 0.66 | 67 | High Yield Bonds | MSFRX vs FAGIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MSFRX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Royce Value Trust Inc. (RVT) (Financial Services) with a 1Y correlation of 0.51, down from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Royce Value Trust Inc. | 0.51 | 0.66 | 0.73 | 88 | Financial Services | |
| U.S. Bancorp | 0.61 | 0.66 | 0.67 | 90 | Financial Services |
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