Looking to diversify beyond MSFRX? The mutual funds below have the lowest correlation with MSFRX — 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 MSFRX.
Best Diversifiers for MSFRX
1 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 0.02, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.16 | 0.47 | 67 | Diversified Portfolio | MSFRX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.37 | 0.39 | 0.43 | 99 | Diversified Portfolio | MSFRX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.39 | 0.46 | 0.49 | 81 | Diversified Portfolio | MSFRX vs BLNDX | |
| MFS High Income Fund | 0.39 | 0.46 | 0.49 | 52 | High Yield Bonds | MSFRX vs MHITX | |
| MFS Global High Yield Fund | 0.40 | 0.45 | 0.48 | 79 | High Yield Bonds | MSFRX vs MHOIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MSFRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSFRX and solid risk/return profiles. The least correlated is Royce Value Trust Inc. (RVT) (Financial Services) with a 1Y correlation of 0.61, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Royce Value Trust Inc. | 0.61 | 0.69 | 0.74 | 86 | Financial Services | |
| U.S. Bancorp | 0.63 | 0.66 | 0.68 | 83 | Financial Services |
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