Looking to diversify beyond MDEGX? The mutual funds below have the lowest correlation with MDEGX — 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 MDEGX.
Best Diversifiers for MDEGX
1 mutual funds have low correlation with MDEGX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.11, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.11 | 0.25 | 0.44 | 75 | Global Equities | MDEGX vs CSUAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.36 | 0.24 | 0.15 | 96 | Equity Market Neutral | MDEGX vs BDMIX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.38 | 0.48 | 0.60 | 85 | Global Equities | MDEGX vs RTXAX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.39 | 0.31 | 0.12 | 51 | Systematic Trend | MDEGX vs ASFYX | |
| Wasatch Global Value Fund Investor Class Shares | 0.42 | 0.40 | 0.54 | 91 | Global Equities | MDEGX vs FMIEX |
See all 41 diversifiers for MDEGX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MDEGX
Add MDEGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MDEGX