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), 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Six Circles Ultra Short Duration Fund | -0.00 | 0.04 | 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 | -0.01 | 0.02 | 99 | Ultrashort Bond | MUIIX vs ENIAX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.04 | 0.08 | 0.07 | 93 | Ultrashort Bond | MUIIX vs NTAUX | |
| CrossingBridge Ultra-Short Duration Fund | 0.05 | 0.01 | 0.03 | 99 | Ultrashort Bond | MUIIX vs CBUDX |
See all 70 diversifiers for MUIIX
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