Looking to diversify beyond MURNX? The mutual funds below have the lowest correlation with MURNX — 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 MURNX.
Best Diversifiers for MURNX
0 mutual funds have low correlation with MURNX (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 0.68, roughly unchanged from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.68 | 0.73 | 0.64 | 72 | Target Retirement Date | MURNX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.72 | 0.68 | 0.60 | 67 | Target Retirement Date | MURNX vs FRIMX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.72 | 0.69 | 0.62 | 79 | Target Retirement Date | MURNX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.72 | 0.69 | 0.62 | 68 | Target Retirement Date | MURNX vs FRQIX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.72 | 0.69 | 0.62 | 78 | Target Retirement Date | MURNX vs FRQKX |
See all 59 diversifiers for MURNX
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