Looking to diversify beyond MURNX? The mutual funds below have historically moved differently from MURNX, 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 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 0.70, roughly unchanged from 0.65 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 | 0.73 | 0.65 | 83 | Target Retirement Date | MURNX vs TDIFX | |
| Mutual of America Small Cap Value Fund | 0.74 | 0.78 | 0.81 | 73 | Small Cap Value Equities | MURNX vs MAVKX | |
| Fidelity Freedom Index Retirement Fund Investor Cl... | 0.75 | 0.68 | 0.60 | 65 | Target Retirement Date | MURNX vs FIKFX | |
| Prudential Day One Income Fund | 0.76 | 0.76 | 0.71 | 85 | Target Retirement Date | MURNX vs PDAHX | |
| Fidelity Freedom Income Fund | 0.76 | 0.68 | 0.60 | 64 | Target Retirement Date | MURNX vs FFFAX |
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