Looking to diversify beyond MSTSX? The mutual funds below have historically moved differently from MSTSX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MSTSX
5 mutual funds have low correlation with MSTSX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.14, up from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.14 | 0.07 | -0.06 | 79 | Global Allocation | MSTSX vs LFMIX | |
| Wilmington Real Asset Fund | 0.24 | 0.48 | 0.57 | 90 | Global Allocation | MSTSX vs WMRIX | |
| Hartford Real Asset Fund | 0.25 | 0.52 | 0.65 | 97 | Global Allocation | MSTSX vs HRLYX | |
| Cohen & Steers Real Assets Fund Inc | 0.28 | 0.51 | 0.62 | 65 | Global Allocation | MSTSX vs RAPZX | |
| MH Elite Select Portfolio of Funds Fund | 0.28 | 0.35 | 0.61 | 68 | Global Allocation | MSTSX vs MHESX |
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