Looking to diversify beyond MUIIX? The mutual funds below have the lowest correlation with MUIIX — 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 MUIIX.
Best Diversifiers for MUIIX
29 mutual funds have low correlation with MUIIX (below 0.3), 1 of which are negatively correlated. The least correlated is Six Circles Ultra Short Duration Fund (CUSDX) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Six Circles Ultra Short Duration Fund | -0.03 | 0.05 | 0.06 | 99 | Ultrashort Bond | MUIIX vs CUSDX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.02 | 0.24 | 0.23 | 99 | Ultrashort Bond | MUIIX vs TRSTX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.03 | 0.08 | 0.07 | 98 | Ultrashort Bond | MUIIX vs CUTAX | |
| Tactical Multi-Purpose Fund | 0.03 | 0.05 | 0.05 | 100 | Ultrashort Bond | MUIIX vs TMPFX | |
| Saratoga Municipal Bond Portfolio | 0.04 | 0.07 | 0.05 | 91 | Ultrashort Bond | MUIIX vs SMBPX |
See all 68 diversifiers for MUIIX
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