Looking to diversify beyond TEMUX? The mutual funds below have historically moved differently from TEMUX, 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 TEMUX
3 mutual funds have low correlation with TEMUX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) (Ultrashort Bond) with a 1Y correlation of 0.14, up from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.14 | -0.01 | 0.01 | 100 | Ultrashort Bond | TEMUX vs MUIIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.19 | 0.47 | 0.60 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | TEMUX vs GSIYX | |
| The Cook & Bynum Fund | 0.25 | 0.40 | 0.48 | 70 | Emerging Markets Equities | TEMUX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.39 | 0.60 | 0.69 | 91 | Emerging Markets Equities | TEMUX vs ESCIX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.39 | 0.37 | 0.43 | 53 | Emerging Markets Bonds | TEMUX vs EDD |
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