Looking to diversify beyond MSSMX? The mutual funds below have the lowest correlation with MSSMX — 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 MSSMX.
Best Diversifiers for MSSMX
1 mutual funds have low correlation with MSSMX (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 0.07, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.07 | 0.03 | 0.06 | 100 | Ultrashort Bond | MSSMX vs MUIIX | |
| Oberweis Micro Cap Fund | 0.59 | 0.71 | 0.74 | 87 | Small Cap Growth Equities | MSSMX vs OBMCX | |
| Dana Epiphany ESG Small Cap Equity Fund | 0.62 | 0.72 | 0.74 | 90 | Small Cap Growth Equities | MSSMX vs DSCIX | |
| Needham Aggressive Growth Fund | 0.62 | 0.69 | 0.72 | 87 | Small Cap Growth Equities | MSSMX vs NEAGX | |
| Needham Aggressive Growth Fund Institutional Class | 0.62 | 0.69 | 0.72 | 87 | Small Cap Growth Equities | MSSMX vs NEAIX |
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