Looking to diversify beyond USMSX? The mutual funds below have historically moved differently from USMSX, 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 USMSX
406 mutual funds have low correlation with USMSX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.18 | 0.22 | 91 | Municipal Bonds | USMSX vs DCARX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.01 | 0.07 | 0.09 | 99 | Municipal Bonds | USMSX vs TFCYX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.22 | 0.24 | 94 | Municipal Bonds | USMSX vs DMREX | |
| abrdn Ultra Short Municipal Income Fund | 0.04 | 0.07 | 0.13 | 100 | Municipal Bonds | USMSX vs ATOIX | |
| Nuveen Municipal Value Fund Inc. | 0.05 | 0.20 | 0.20 | 79 | Municipal Bonds | USMSX vs NUV |
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