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MFS Global New Discovery Fund (GLNIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 28, 2026
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The investment seeks capital appreciation. The fund normally invests its assets primarily in U.S. and foreign equity securities, including emerging market equity securities. Equity securities include common stocks, equity interests in REITs, and other securities that represent an ownership interest in a company or other issuer. MFS normally invests the fund's assets across different industries, sectors, countries, and regions, but it may invest a significant percentage of the fund's assets in issuers in a single industry, sector, country, or region. MFS uses an active bottom-up investment approach to buying and selling investments for the fund.

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

1 mutual funds have low correlation with GLNIX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.19, down from 0.59 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GQFPX
GQG Partners Global Quality Dividend Income Fund0.190.520.59
65
Quality Factor, Global EquitiesGLNIX vs GQFPX
CSUAX
Cohen & Steers Global Infrastructure Fund Class A0.370.510.61
82
Infrastructure Equities, Global EquitiesGLNIX vs CSUAX
VMVFX
Vanguard Global Minimum Volatility Fund Investor S...0.580.670.72
72
Global Equities, Low VolatilityGLNIX vs VMVFX
VMNVX
Vanguard Global Minimum Volatility Fund Admiral Sh...0.580.670.72
73
Global Equities, Low VolatilityGLNIX vs VMNVX
PGTIX
T. Rowe Price Global Technology Fund I Class0.600.620.71
63
Technology Equities, Global EquitiesGLNIX vs PGTIX
See all 30 diversifiers for GLNIX

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