Looking to diversify beyond UMNIX? The mutual funds below have the lowest correlation with UMNIX — 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 UMNIX.
Best Diversifiers for UMNIX
23 mutual funds have low correlation with UMNIX (below 0.3), 4 of which are negatively correlated. The least correlated is CrossingBridge Ultra-Short Duration Fund (CBUDX) (Ultrashort Bond) with a 1Y correlation of -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Ultra-Short Duration Fund | -0.04 | 0.03 | 0.05 | 99 | Ultrashort Bond | UMNIX vs CBUDX | |
| Lazard Developing Markets Equity Portfolio | -0.03 | 0.02 | 0.02 | 88 | Emerging Markets Diversified | UMNIX vs LDMIX | |
| Lazard Emerging Markets Equity Advantage Portfolio | -0.02 | 0.02 | 0.03 | 82 | Emerging Markets Diversified | UMNIX vs LEAIX | |
| Lazard Emerging Markets Equity Portfolio | -0.01 | 0.03 | 0.03 | 94 | Emerging Markets Diversified | UMNIX vs LZEMX | |
| Tactical Multi-Purpose Fund | 0.02 | 0.01 | 0.01 | 100 | Ultrashort Bond | UMNIX vs TMPFX |
See all 32 diversifiers for UMNIX
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