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BlackRock Mid-Cap Growth Equity Portfolio (CMGIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The fund normally invests at least 80% of its net assets in equity securities issued by U.S. mid-capitalization companies which the fund management believes have above-average earnings growth potential. The fund adviser generally defines these companies, at the time of the fund's investment, as those with market capitalizations comparable in size to the companies in the Russell Midcap Growth Index. It primarily invests in common stock but also can invest in preferred stock, convertible securities and other equity securities.

Looking to diversify beyond CMGIX? The mutual funds below have historically moved differently from CMGIX, 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 CMGIX

1 mutual funds have low correlation with CMGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Limited Duration Fund (GILHX) (Short-Term Bond) with a 1Y correlation of 0.24, roughly unchanged from 0.19 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GILHX
Guggenheim Limited Duration Fund0.240.170.19
94
Short-Term BondCMGIX vs GILHX
PIMIX
PIMCO Income Fund Institutional Class0.350.280.36
52
Multisector BondsCMGIX vs PIMIX
ASFYX
Virtus AlphaSimplex Managed Futures Strategy Fund ...0.370.270.09
66
Systematic TrendCMGIX vs ASFYX
BDMIX
BlackRock Global Equity Market Neutral Fund Class ...0.380.200.11
97
Equity Market NeutralCMGIX vs BDMIX
BDMAX
BlackRock Global Equity Market Neutral Fund0.400.200.11
97
Equity Market NeutralCMGIX vs BDMAX
See all 35 diversifiers for CMGIX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for CMGIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is MetLife, Inc. (MET) (Financial Services) with a 1Y correlation of 0.22, down from 0.41 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
MET
MetLife, Inc.0.220.350.41
78
Financial Services

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