Looking to diversify beyond UUSTX? The mutual funds below have the lowest correlation with UUSTX — 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 UUSTX.
Best Diversifiers for UUSTX
20 mutual funds have low correlation with UUSTX (below 0.3), 0 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 0.04, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.04 | 0.06 | -0.00 | 98 | Ultrashort Bond | UUSTX vs TSDUX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.06 | 0.17 | 0.23 | 99 | Ultrashort Bond | UUSTX vs ENIAX | |
| Tactical Multi-Purpose Fund | 0.06 | -0.01 | -0.02 | 100 | Ultrashort Bond | UUSTX vs TMPFX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.10 | — | — | 100 | Nontraditional Bonds | UUSTX vs CBYYX | |
| DFA One Year Fixed Income Portfolio | 0.10 | 0.05 | 0.22 | 99 | Ultrashort Bond | UUSTX vs DFIHX |
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