Looking to diversify beyond MDEGX? The mutual funds below have historically moved differently from MDEGX, 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 MDEGX
2 mutual funds have low correlation with MDEGX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of -0.03, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | -0.03 | 0.34 | 0.47 | 70 | Quality Factor, Global Equities | MDEGX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.10 | 0.24 | 0.43 | 79 | Infrastructure Equities, Global Equities | MDEGX vs CSUAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.31 | 0.51 | 0.64 | 53 | Global Equities, Low Volatility | MDEGX vs SVTAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.38 | 0.35 | 0.37 | 90 | Multistrategy, Systematic Trend, Global Equities | MDEGX vs MBXIX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.38 | 0.48 | 0.59 | 92 | Global Equities | MDEGX vs RTXAX |
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