Looking to diversify beyond MURMX? The mutual funds below have the lowest correlation with MURMX — 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 MURMX.
Best Diversifiers for MURMX
0 mutual funds have low correlation with MURMX (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 | 0.73 | 0.65 | 77 | Target Retirement Date | MURMX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.73 | 0.69 | 0.60 | 65 | Target Retirement Date | MURMX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.73 | 0.70 | 0.63 | 65 | Target Retirement Date | MURMX vs FRQIX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.73 | 0.70 | 0.63 | 69 | Target Retirement Date | MURMX vs FRQKX | |
| Fidelity Managed Retirement Income Fund | 0.73 | 0.69 | 0.60 | 66 | Target Retirement Date | MURMX vs FIRMX |
See all 66 diversifiers for MURMX
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