Looking to diversify beyond MCGFX? The mutual funds below have historically moved differently from MCGFX, 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 MCGFX
0 mutual funds have low correlation with MCGFX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Yacktman Focused Fund (YAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.41, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.41 | 0.52 | 0.65 | 89 | Large Cap Value Equities | MCGFX vs YAFFX | |
| AMG Yacktman Fund | 0.47 | 0.56 | 0.67 | 91 | Large Cap Value Equities | MCGFX vs YACKX | |
| Adams Diversified Equity Fund, Inc. | 0.60 | 0.73 | 0.82 | 83 | Large Cap Blend Equities | MCGFX vs ADX | |
| Davis New York Venture Fund Class Y | 0.66 | 0.69 | 0.75 | 90 | Large Cap Growth Equities | MCGFX vs DNVYX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.68 | 0.64 | 0.69 | 76 | Foreign Large Cap Equities | MCGFX vs VTMGX |
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