Looking to diversify beyond MSJIX? The mutual funds below have the lowest correlation with MSJIX — 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 MSJIX.
Best Diversifiers for MSJIX
2 mutual funds have low correlation with MSJIX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) (Ultrashort Bond) with a 1Y correlation of 0.13, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.13 | 0.02 | 0.04 | 99 | Ultrashort Bond | MSJIX vs MUIIX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.29 | 0.37 | 0.42 | 52 | Global Equities | MSJIX vs CSUAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.44 | 0.55 | 0.57 | 80 | Global Equities | MSJIX vs RTXAX | |
| T. Rowe Price Global Technology Fund I Class | 0.45 | 0.56 | 0.73 | 88 | Technology Equities, Global Equities | MSJIX vs PGTIX | |
| Polaris Global Value Fund | 0.50 | 0.58 | 0.59 | 93 | Global Equities | MSJIX vs PGVFX |
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