Looking to diversify beyond USGDX? The mutual funds below have the lowest correlation with USGDX — 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 USGDX.
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 0.14, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.14 | 0.07 | 0.07 | 99 | Ultrashort Bond | USGDX vs MUIIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.65 | 0.72 | 0.68 | 52 | Intermediate Core Bond | USGDX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 0.75 | 0.88 | 0.88 | 65 | Intermediate Core Bond | USGDX vs LSSAX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.83 | 0.89 | 0.87 | 56 | Intermediate Core Bond | USGDX vs PCGTX |
Diversification Analysis
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