Looking to diversify beyond MSTSX? The mutual funds below have the lowest correlation with MSTSX — 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 MSTSX.
Best Diversifiers for MSTSX
2 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 0.17, up from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.17 | 0.06 | -0.04 | 88 | Global Allocation | MSTSX vs LFMIX | |
| Wilmington Real Asset Fund | 0.28 | 0.52 | 0.59 | 86 | Global Allocation | MSTSX vs WMRIX | |
| Hartford Real Asset Fund | 0.34 | 0.57 | 0.67 | 97 | Global Allocation | MSTSX vs HRLYX | |
| Allspring Absolute Return Fund | 0.37 | 0.59 | 0.62 | 95 | Global Allocation | MSTSX vs WARAX | |
| Principal Diversified Select Real Asset Fund | 0.39 | 0.61 | 0.72 | 93 | Global Allocation | MSTSX vs PDSYX |
See all 21 diversifiers for MSTSX
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