Looking to diversify beyond MWUSX? The mutual funds below have the lowest correlation with MWUSX — 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 MWUSX.
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 -0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.02 | 0.19 | 0.17 | 99 | Ultrashort Bond | MWUSX vs ENIAX | |
| Tactical Multi-Purpose Fund | -0.01 | -0.02 | -0.03 | 100 | Ultrashort Bond | MWUSX vs TMPFX | |
| DFA One Year Fixed Income Portfolio | 0.03 | -0.00 | 0.23 | 100 | Ultrashort Bond | MWUSX vs DFIHX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.04 | 0.31 | 0.32 | 99 | Ultrashort Bond | MWUSX vs TRSTX | |
| CrossingBridge Ultra-Short Duration Fund | 0.09 | 0.04 | 0.05 | 99 | Ultrashort Bond | MWUSX vs CBUDX |
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