Looking to diversify beyond MYFRX? The mutual funds below have the lowest correlation with MYFRX — 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 MYFRX.
Best Diversifiers for MYFRX
35 mutual funds have low correlation with MYFRX (below 0.3), 2 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of -0.04, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.04 | 0.12 | 0.18 | 99 | Multisector Bonds | MYFRX vs NWXHX | |
| CrossingBridge Ultra-Short Duration Fund | -0.02 | 0.03 | — | 99 | Ultrashort Bond | MYFRX vs CBUDX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.03 | 0.14 | 0.15 | 98 | Ultrashort Bond | MYFRX vs TSDUX | |
| DFA One Year Fixed Income Portfolio | 0.04 | 0.01 | -0.00 | 99 | Ultrashort Bond | MYFRX vs DFIHX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.05 | 0.27 | 0.29 | 99 | Ultrashort Bond | MYFRX vs TRSTX |
See all 81 diversifiers for MYFRX
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