PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

MFS Global New Discovery Fund (GLNIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 17, 2026

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 the lowest correlation with GLNIX — 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 GLNIX.

Best Diversifiers for GLNIX

0 mutual funds have low correlation with GLNIX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) (Global Equities) with a 1Y correlation of 0.61, down from 0.73 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VMVFX
Vanguard Global Minimum Volatility Fund Investor S...0.610.680.73
57
Global EquitiesGLNIX vs VMVFX
VMNVX
Vanguard Global Minimum Volatility Fund Admiral Sh...0.610.680.73
58
Global EquitiesGLNIX vs VMNVX
RTXAX
Russell Investment Tax-Managed Real Assets Fund0.650.740.77
83
Global EquitiesGLNIX vs RTXAX
PGVFX
Polaris Global Value Fund0.680.780.80
92
Global EquitiesGLNIX vs PGVFX
GCCHX
GMO Climate Change Fund0.680.720.75
82
Global EquitiesGLNIX vs GCCHX
See all 20 diversifiers for GLNIX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements GLNIX

Add GLNIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with GLNIX