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BlackRock Mid-Cap Growth Equity Portfolio (CMGIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

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 the lowest correlation with CMGIX — 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 CMGIX.

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 0.22, roughly unchanged from 0.19 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GILHX
Guggenheim Limited Duration Fund0.220.180.19
92
Short-Term BondCMGIX vs GILHX
BDMIX
BlackRock Global Equity Market Neutral Fund Class ...0.350.180.10
96
Equity Market NeutralCMGIX vs BDMIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.370.260.09
51
Systematic TrendCMGIX vs ASFYX
VMVAX
Vanguard Mid-Cap Value Index Fund Admiral Shares0.540.620.68
79
Mid Cap Value EquitiesCMGIX vs VMVAX
TGFRX
Tanaka Growth Fund0.690.730.77
53
Mid Cap Growth EquitiesCMGIX vs TGFRX
See all 30 diversifiers for CMGIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from CMGIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMGIX and solid risk/return profiles. The least correlated is MetLife, Inc. (MET) (Financial Services) with a 1Y correlation of 0.25, down from 0.42 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
MET
MetLife, Inc.0.250.360.42
69
Financial Services

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Diversification Analysis

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