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Morningstar U.S. Equity Fund (MSTQX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

The investment seeks long-term capital appreciation. The fund will normally invest at least 80% of its assets in equity securities of U.S.-based companies, and may invest up to 100% of its assets in such securities. It seeks to provide broad U.S. equity exposure across market capitalizations and investment styles and has the flexibility to invest in large-cap, mid-cap, and small-cap common stocks across the growth and value style spectrum. The fund may also invest in real estate investment trusts (REITs), master limited partnerships and non-U.S. companies.

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 0.20, roughly unchanged from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MSTPX
Morningstar Municipal Bond Fund0.200.160.11
75
Municipal BondsMSTQX vs MSTPX
SVPFX
Goldman Sachs Strategic Volatility Premium Fund0.220.190.14
71
Large Cap Blend EquitiesMSTQX vs SVPFX
MSTVX
Morningstar Alternatives Fund0.360.450.55
66
MultistrategyMSTQX vs MSTVX
ORDNX
North Square Preferred and Income Securities Fund0.390.380.44
70
Large Cap Blend EquitiesMSTQX vs ORDNX
SGOIX
First Eagle Overseas Fund Class I0.510.580.65
54
Large Cap Blend Equities, Foreign Large Cap EquitiesMSTQX vs SGOIX
See all 39 diversifiers for MSTQX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MSTQX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSTQX and solid risk/return profiles. The least correlated is MSCI Inc. (MSCI) (Financial Services) with a 1Y correlation of 0.25, down from 0.58 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
MSCI
MSCI Inc.0.250.410.58
53
Financial Services

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Diversification Analysis

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