Looking to diversify beyond MSTQX? The mutual funds below have the lowest correlation with MSTQX — 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 MSTQX.
Best Diversifiers for MSTQX
2 mutual funds have low correlation with MSTQX (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 0.23, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morningstar Municipal Bond Fund | 0.23 | 0.17 | 0.12 | 79 | Municipal Bonds | MSTQX vs MSTPX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.20 | 0.15 | 73 | Large Cap Blend Equities | MSTQX vs SVPFX | |
| Morningstar Alternatives Fund | 0.37 | 0.45 | 0.54 | 78 | Multistrategy | MSTQX vs MSTVX | |
| North Square Preferred and Income Securities Fund | 0.45 | 0.40 | 0.44 | 71 | Large Cap Blend Equities | MSTQX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.54 | 0.69 | 0.80 | 66 | Large Cap Blend Equities | MSTQX vs RCKSX |
See all 38 diversifiers for MSTQX
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