Looking to diversify beyond MURLX? The mutual funds below have historically moved differently from MURLX, 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 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 0.70, roughly unchanged from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.70 | 0.74 | 0.66 | 81 | Target Retirement Date | MURLX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.73 | 0.70 | 0.59 | 53 | Target Retirement Date | MURLX vs DRIQX | |
| MFS Lifetime Income Fund | 0.74 | 0.75 | 0.71 | 66 | Target Retirement Date | MURLX vs MLLIX | |
| Mutual of America Small Cap Value Fund | 0.74 | 0.77 | 0.81 | 66 | Small Cap Value Equities | MURLX vs MAVKX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.75 | 0.71 | 0.62 | 70 | Target Retirement Date | MURLX vs FFGZX |
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