Looking to diversify beyond MURLX? The mutual funds below have the lowest correlation with MURLX — 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 MURLX.
Best Diversifiers for MURLX
0 mutual funds have low correlation with MURLX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.69, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.69 | 0.74 | 0.65 | 77 | Target Retirement Date | MURLX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.74 | 0.70 | 0.61 | 65 | Target Retirement Date | MURLX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.74 | 0.71 | 0.64 | 65 | Target Retirement Date | MURLX vs FRQIX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.74 | 0.71 | 0.63 | 69 | Target Retirement Date | MURLX vs FRQKX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.74 | 0.71 | 0.64 | 70 | Target Retirement Date | MURLX vs FRQHX |
See all 68 diversifiers for MURLX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MURLX
Add MURLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MURLX