Looking to diversify beyond MUIIX? The mutual funds below have historically moved differently from MUIIX, 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 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 -0.00, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Six Circles Ultra Short Duration Fund | -0.00 | 0.03 | 0.06 | 99 | Ultrashort Bond | MUIIX vs CUSDX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.02 | 0.23 | 0.23 | 99 | Ultrashort Bond | MUIIX vs TRSTX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.03 | -0.03 | 0.02 | 100 | Ultrashort Bond | MUIIX vs ENIAX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.05 | 0.09 | 0.07 | 89 | Ultrashort Bond | MUIIX vs NTAUX | |
| CrossingBridge Ultra-Short Duration Fund | 0.05 | 0.01 | 0.03 | 99 | Ultrashort Bond | MUIIX vs CBUDX |
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