Looking to diversify beyond USGDX? The mutual funds below have historically moved differently from USGDX, 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 USGDX
1 mutual funds have low correlation with USGDX (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 0.13, roughly unchanged from 0.08 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... | 0.13 | 0.10 | 0.08 | 100 | Ultrashort Bond | USGDX vs MUIIX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.32 | 0.29 | 0.27 | 53 | Emerging Markets Bonds | USGDX vs EDD | |
| Hartford Schroders Tax-Aware Bond Fund | 0.66 | 0.72 | 0.69 | 56 | Intermediate Core Bond | USGDX vs STWTX |
Build a portfolio that complements USGDX
Add USGDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with USGDX