Looking to diversify beyond MWUSX? The mutual funds below have historically moved differently from MWUSX, 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 MWUSX
14 mutual funds have low correlation with MWUSX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.03 | 0.18 | 0.17 | 100 | Ultrashort Bond | MWUSX vs ENIAX | |
| Tactical Multi-Purpose Fund | -0.01 | -0.02 | -0.03 | 100 | Ultrashort Bond | MWUSX vs TMPFX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.07 | 0.30 | 0.32 | 99 | Ultrashort Bond | MWUSX vs TRSTX | |
| DFA One Year Fixed Income Portfolio | 0.08 | -0.00 | 0.24 | 100 | Ultrashort Bond | MWUSX vs DFIHX | |
| CrossingBridge Ultra-Short Duration Fund | 0.10 | 0.05 | 0.05 | 99 | Ultrashort Bond | MWUSX vs CBUDX |
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