Looking to diversify beyond MSNCX? The mutual funds below have historically moved differently from MSNCX, 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 MSNCX
11 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 0.20, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.31 | 0.37 | 98 | Municipal Bonds | MSNCX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.27 | 0.36 | 100 | Municipal Bonds | MSNCX vs DFSMX | |
| MFS Value Fund Class I | 0.21 | 0.16 | 0.11 | 69 | Large Cap Value Equities | MSNCX vs MEIIX | |
| MFS Value Fund | 0.22 | 0.16 | 0.11 | 70 | Large Cap Value Equities | MSNCX vs MEIKX | |
| MFS Value Fund | 0.23 | 0.16 | 0.11 | 67 | Large Cap Value Equities | MSNCX vs MEIAX |
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