Looking to diversify beyond MSIQX? The mutual funds below have the lowest correlation with MSIQX — 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 MSIQX.
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 0.46, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.46 | 0.57 | 0.69 | 63 | Foreign Large Cap Equities | MSIQX vs IVFIX | |
| T. Rowe Price Science And Technology Fund | 0.53 | 0.54 | 0.62 | 56 | Technology Equities | MSIQX vs PRSCX | |
| PIMCO RAE PLUS International Fund | 0.53 | 0.59 | 0.63 | 83 | Foreign Large Cap Equities | MSIQX vs PTSIX | |
| SA International Value Fund | 0.55 | 0.61 | 0.70 | 89 | Foreign Large Cap Equities | MSIQX vs SAHMX | |
| Thornburg Global Opportunities Fund | 0.60 | 0.71 | 0.77 | 86 | Foreign Large Cap Equities | MSIQX vs THOIX |
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