Looking to diversify beyond UUSTX? The mutual funds below have historically moved differently from UUSTX, 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 UUSTX
21 mutual funds have low correlation with UUSTX (below 0.3), 0 of which are negatively correlated. The least correlated is Tactical Multi-Purpose Fund (TMPFX) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.01 | -0.01 | -0.02 | 100 | Ultrashort Bond | UUSTX vs TMPFX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.07 | 0.16 | 0.24 | 100 | Ultrashort Bond | UUSTX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.08 | 0.10 | -0.00 | 99 | Ultrashort Bond | UUSTX vs TSDUX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.11 | — | — | 100 | Nontraditional Bonds | UUSTX vs CBYYX | |
| DFA One Year Fixed Income Portfolio | 0.12 | 0.03 | 0.22 | 100 | Ultrashort Bond | UUSTX vs DFIHX |
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