Looking to diversify beyond MAEGX? The mutual funds below have the lowest correlation with MAEGX — 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 MAEGX.
Best Diversifiers for MAEGX
0 mutual funds have low correlation with MAEGX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.33, up from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.33 | 0.22 | 0.14 | 92 | Long-Short | MAEGX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.38 | 0.30 | 0.12 | 67 | Systematic Trend | MAEGX vs ASFYX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.42 | 0.49 | 0.61 | 81 | Global Equities | MAEGX vs RTXAX | |
| Polaris Global Value Fund | 0.45 | 0.53 | 0.63 | 90 | Global Equities | MAEGX vs PGVFX | |
| T. Rowe Price Real Assets Fund | 0.45 | 0.51 | 0.61 | 57 | Global Equities | MAEGX vs PRAFX |
See all 29 diversifiers for MAEGX
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