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 Alternatives Fund (MSTVX) (Multistrategy) with a 1Y correlation of 0.34, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morningstar Alternatives Fund | 0.34 | 0.40 | 0.46 | 78 | Multistrategy | MSTFX vs MSTVX | |
| Morningstar Municipal Bond Fund | 0.35 | 0.23 | 0.18 | 77 | Municipal Bonds | MSTFX vs MSTPX | |
| Federated Hermes International Strategic Value Div... | 0.56 | 0.64 | 0.71 | 61 | Foreign Large Cap Equities | MSTFX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.56 | 0.59 | 0.63 | 82 | Foreign Large Cap Equities | MSTFX vs PTSIX | |
| EuroPac International Dividend Income Fund | 0.57 | 0.62 | 0.70 | 76 | Foreign Large Cap Equities | MSTFX vs EPDIX |
See all 19 diversifiers for MSTFX
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