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
0 mutual funds have low correlation with MDEGX (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 0.34, 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 | 0.34 | 0.23 | 0.14 | 92 | Long-Short | MDEGX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.36 | 0.29 | 0.12 | 67 | Systematic Trend | MDEGX vs ASFYX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.42 | 0.49 | 0.61 | 81 | Global Equities | MDEGX vs RTXAX | |
| Polaris Global Value Fund | 0.44 | 0.53 | 0.63 | 90 | Global Equities | MDEGX vs PGVFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.49 | 0.42 | 0.56 | 89 | Global Equities | MDEGX vs FMIEX |
See all 30 diversifiers for MDEGX
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