Looking to diversify beyond MSIQX? The mutual funds below have historically moved differently from MSIQX, 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 MSIQX
0 mutual funds have low correlation with MSIQX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.42, down from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.42 | 0.56 | 0.68 | 88 | Foreign Large Cap Equities | MSIQX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.44 | 0.67 | 0.75 | 54 | Foreign Large Cap Equities | MSIQX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.44 | 0.67 | 0.75 | 53 | Foreign Large Cap Equities | MSIQX vs GSINX | |
| GQG Partners International Quality Dividend Income... | 0.47 | 0.63 | 0.69 | 68 | Quality Factor, Foreign Large Cap Equities | MSIQX vs GQJPX | |
| Kopernik International Fund | 0.51 | 0.47 | 0.59 | 62 | Foreign Large Cap Equities | MSIQX vs KGIIX |
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