Looking to diversify beyond MSTFX? The mutual funds below have the lowest correlation with MSTFX — 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 MSTFX.
Best Diversifiers for MSTFX
0 mutual funds have low correlation with MSTFX (below 0.3), 0 of which are negatively correlated. The least correlated is Morningstar Municipal Bond Fund (MSTPX) (Municipal Bonds) with a 1Y correlation of 0.32, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morningstar Municipal Bond Fund | 0.32 | 0.22 | 0.17 | 75 | Municipal Bonds | MSTFX vs MSTPX | |
| Morningstar Alternatives Fund | 0.36 | 0.41 | 0.47 | 76 | Multistrategy | MSTFX vs MSTVX | |
| Kopernik International Fund | 0.52 | 0.49 | 0.62 | 54 | Foreign Large Cap Equities | MSTFX vs KGIIX | |
| EuroPac International Dividend Income Fund | 0.54 | 0.62 | 0.70 | 75 | Foreign Large Cap Equities | MSTFX vs EPDIX | |
| EuroPac International Dividend Income Fund Class A | 0.54 | 0.62 | 0.70 | 74 | Foreign Large Cap Equities, Dividend | MSTFX vs EPDPX |
See all 22 diversifiers for MSTFX
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