Looking to diversify beyond MSTPX? The mutual funds below have the lowest correlation with MSTPX — 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 MSTPX.
Best Diversifiers for MSTPX
15 mutual funds have low correlation with MSTPX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.00, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.00 | 0.21 | 0.24 | 94 | Municipal Bonds | MSTPX vs DMREX | |
| DFA California Municipal Real Return Portfolio | 0.03 | 0.20 | 0.22 | 95 | Municipal Bonds | MSTPX vs DCARX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.05 | 0.10 | 0.09 | 99 | Municipal Bonds | MSTPX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.06 | 0.14 | 0.10 | 99 | Municipal Bonds | MSTPX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | 0.10 | 0.23 | 0.35 | 99 | Municipal Bonds | MSTPX vs DFSMX |
See all 24 diversifiers for MSTPX
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