Looking to diversify beyond MUJ? The mutual funds below have the lowest correlation with MUJ — 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 MUJ.
Best Diversifiers for MUJ
69 mutual funds have low correlation with MUJ (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.11 | 0.12 | 95 | Municipal Bonds | MUJ vs DCARX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.00 | -0.08 | -0.17 | 60 | Systematic Trend | MUJ vs ASFYX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.09 | 0.11 | 94 | Municipal Bonds | MUJ vs DMREX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.04 | 0.02 | -0.03 | 95 | Long-Short | MUJ vs BDMIX | |
| DFA Short Term Municipal Bond Portfolio | 0.07 | 0.12 | 0.18 | 99 | Municipal Bonds | MUJ vs DFSMX |
See all 460 diversifiers for MUJ
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MUJ
Add MUJ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MUJ