Looking to diversify beyond MSNCX? The mutual funds below have the lowest correlation with MSNCX — 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 MSNCX.
Best Diversifiers for MSNCX
9 mutual funds have low correlation with MSNCX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.13, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.13 | 0.29 | 0.37 | 99 | Municipal Bonds | MSNCX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.17 | 0.28 | — | 100 | Municipal Bonds | MSNCX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.26 | 0.36 | 99 | Municipal Bonds | MSNCX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.32 | 0.41 | 99 | Municipal Bonds | MSNCX vs DNYMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.22 | 0.20 | 0.15 | 98 | Municipal Bonds | MSNCX vs FHMIX |
See all 15 diversifiers for MSNCX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MSNCX
Add MSNCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MSNCX