Looking to diversify beyond MUSEX? The mutual funds below have the lowest correlation with MUSEX — 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 MUSEX.
Best Diversifiers for MUSEX
3 mutual funds have low correlation with MUSEX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.18, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.18 | 0.31 | 0.49 | 70 | Large Cap Value Equities | MUSEX vs SVAIX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.21 | 0.30 | 0.40 | 64 | High Yield Bonds | MUSEX vs FIHBX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.25 | 0.12 | 0.10 | 73 | Large Cap Blend Equities | MUSEX vs SVPFX | |
| Nuveen Preferred Securities & Income Fund | 0.39 | 0.33 | 0.35 | 76 | Preferred Stock/Convertible Bonds | MUSEX vs NPSRX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.33 | 0.42 | 72 | Large Cap Blend Equities | MUSEX vs ORDNX |
See all 39 diversifiers for MUSEX
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