Looking to diversify beyond MSVAX? The mutual funds below have the lowest correlation with MSVAX — 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 MSVAX.
Best Diversifiers for MSVAX
9 mutual funds have low correlation with MSVAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.18, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.31 | 0.37 | 99 | Municipal Bonds | MSVAX vs USMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.19 | 0.18 | 0.13 | 98 | Municipal Bonds | MSVAX vs FHMIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.30 | — | 100 | Municipal Bonds | MSVAX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.28 | 0.37 | 99 | Municipal Bonds | MSVAX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.33 | 0.41 | 99 | Municipal Bonds | MSVAX vs DNYMX |
See all 14 diversifiers for MSVAX
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