Looking to diversify beyond MUC? The mutual funds below have historically moved differently from MUC, 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 MUC
24 mutual funds have low correlation with MUC (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.06 | 0.10 | 0.15 | 91 | Municipal Bonds | MUC vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.04 | 0.11 | 0.15 | 94 | Municipal Bonds | MUC vs DMREX | |
| abrdn Ultra Short Municipal Income Fund | 0.01 | 0.07 | 0.11 | 100 | Municipal Bonds | MUC vs ATOIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.03 | -0.09 | -0.18 | 66 | Systematic Trend | MUC vs ASFYX | |
| DFA Short Term Municipal Bond Portfolio | 0.08 | 0.12 | 0.18 | 100 | Municipal Bonds | MUC vs DFSMX |
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