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
28 mutual funds have low correlation with MUIIX (below 0.3), 7 of which are negatively correlated. The least correlated is Morgan Stanley Emerging Markets Equity Portfolio (MEMEX) (Emerging Markets Diversified) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Emerging Markets Equity Portfolio | -0.04 | -0.02 | -0.01 | 90 | Emerging Markets Diversified | MUIIX vs MEMEX | |
| Six Circles Ultra Short Duration Fund | -0.04 | 0.06 | 0.06 | 99 | Ultrashort Bond | MUIIX vs CUSDX | |
| DFA Two-Year Government Portfolio | -0.02 | 0.04 | -0.00 | 55 | Ultrashort Bond | MUIIX vs DFYGX | |
| Six Circles Tax Aware Ultra Short Duration Fund | -0.02 | 0.05 | 0.07 | 98 | Ultrashort Bond | MUIIX vs CUTAX | |
| CrossingBridge Ultra-Short Duration Fund | -0.01 | 0.02 | — | 99 | Ultrashort Bond | MUIIX vs CBUDX |
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