Looking to diversify beyond MAGKX? The mutual funds below have the lowest correlation with MAGKX — 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 MAGKX.
Best Diversifiers for MAGKX
0 mutual funds have low correlation with MAGKX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.33, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.33 | 0.65 | 0.69 | 66 | Small Cap Growth Equities | MAGKX vs QISGX | |
| Driehaus Micro Cap Growth Fund | 0.68 | 0.79 | 0.77 | 80 | Small Cap Growth Equities | MAGKX vs DMCRX | |
| Calamos Timpani Small Cap Growth Fund | 0.73 | 0.80 | 0.77 | 75 | Small Cap Growth Equities | MAGKX vs CTSIX | |
| Needham Aggressive Growth Fund Institutional Class | 0.73 | 0.79 | 0.75 | 94 | Small Cap Growth Equities | MAGKX vs NEAIX | |
| Needham Aggressive Growth Fund | 0.73 | 0.79 | 0.74 | 94 | Small Cap Growth Equities | MAGKX vs NEAGX |
See all 24 diversifiers for MAGKX
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