Looking to diversify beyond USIAX? The mutual funds below have the lowest correlation with USIAX — 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 USIAX.
Best Diversifiers for USIAX
2 mutual funds have low correlation with USIAX (below 0.3), 1 of which are negatively correlated. The least correlated is Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | -0.06 | -0.06 | -0.06 | 98 | Ultrashort Bond | USIAX vs TSDUX | |
| Navigator Ultra Short Term Bond Fund | 0.00 | 0.00 | 0.00 | 100 | Ultrashort Bond | USIAX vs NUSIX | |
| Touchstone Ultra Short Duration Fixed Income Fund | 0.62 | 0.62 | 0.62 | 98 | Ultrashort Bond | USIAX vs TSDOX | |
| Fidelity Series Treasury Bill Index Fund | 0.73 | 0.73 | 0.73 | 100 | Ultrashort Bond | USIAX vs FHQFX | |
| Northern Ultra-Short Fixed Income Fund | 0.73 | 0.73 | 0.73 | 98 | Ultrashort Bond | USIAX vs NUSFX |
Diversification Analysis
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