Looking to diversify beyond MSTIX? The mutual funds below have the lowest correlation with MSTIX — 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 MSTIX.
Best Diversifiers for MSTIX
26 mutual funds have low correlation with MSTIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.04 | 0.19 | 0.20 | 95 | Municipal Bonds | MSTIX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.08 | 0.24 | 0.25 | 94 | Municipal Bonds | MSTIX vs DMREX | |
| MainStay WMC Value Fund | 0.12 | 0.11 | 0.05 | 53 | Large Cap Value Equities | MSTIX vs MUBFX | |
| NYLI S&P 500 Index Class A | 0.13 | 0.13 | 0.07 | 63 | S&P 500 | MSTIX vs MSXAX | |
| MainStay S&P 500 Index Fund | 0.13 | 0.13 | 0.07 | 65 | Large Cap Blend Equities | MSTIX vs MSPIX |
See all 41 diversifiers for MSTIX
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