Looking to diversify beyond MSMLX? The mutual funds below have historically moved differently from MSMLX, 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 MSMLX
3 mutual funds have low correlation with MSMLX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund (GSINX) (Foreign Large Cap Equities) with a 1Y correlation of 0.19, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.19 | 0.44 | 0.54 | 61 | Foreign Large Cap Equities | MSMLX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.19 | 0.44 | 0.54 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | MSMLX vs GSIYX | |
| The Cook & Bynum Fund | 0.21 | 0.32 | 0.39 | 66 | Emerging Markets Equities | MSMLX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.41 | 0.65 | 0.70 | 92 | Emerging Markets Equities | MSMLX vs ESCIX | |
| Matthews Japan Fund | 0.53 | 0.53 | 0.55 | 51 | Japan Equities, Asia Pacific Equities | MSMLX vs MJFOX |
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