Looking to diversify beyond MUJ? The mutual funds below have historically moved differently from MUJ, 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 MUJ
59 mutual funds have low correlation with MUJ (below 0.3), 4 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.10 | 0.12 | 91 | Municipal Bonds | MUJ vs DCARX | |
| BlackRock Global Equity Market Neutral Fund | -0.01 | 0.01 | -0.03 | 97 | Equity Market Neutral | MUJ vs BDMAX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.01 | -0.07 | -0.18 | 66 | Systematic Trend | MUJ vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.01 | 0.01 | -0.02 | 97 | Equity Market Neutral | MUJ vs BDMIX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.10 | 0.12 | 94 | Municipal Bonds | MUJ vs DMREX |
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