Looking to diversify beyond MUROX? The mutual funds below have the lowest correlation with MUROX — 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 MUROX.
Best Diversifiers for MUROX
0 mutual funds have low correlation with MUROX (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 | 83 | Target Retirement Date | MUROX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.70 | 0.68 | 0.59 | 70 | Target Retirement Date | MUROX vs FRIMX | |
| Fidelity Managed Retirement Income Fund | 0.71 | 0.68 | 0.59 | 82 | Target Retirement Date | MUROX vs FIRMX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.71 | 0.69 | 0.62 | 84 | Target Retirement Date | MUROX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.71 | 0.69 | 0.62 | 67 | Target Retirement Date | MUROX vs FRQAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MUROX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MUROX and solid risk/return profiles. The least correlated is MSCI Inc. (MSCI) (Financial Services) with a 1Y correlation of 0.23, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MSCI Inc. | 0.23 | 0.41 | 0.48 | 50 | Financial Services |
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