Looking to diversify beyond MDFGX? The mutual funds below have the lowest correlation with MDFGX — 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 MDFGX.
Best Diversifiers for MDFGX
0 mutual funds have low correlation with MDFGX (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 0.36, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.36 | 0.24 | 0.13 | 95 | Long-Short | MDFGX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.38 | 0.27 | 0.11 | 60 | Systematic Trend | MDFGX vs ASFYX | |
| Baron Partners Fund | 0.50 | 0.59 | 0.69 | 72 | Large Cap Growth Equities | MDFGX vs BPTRX | |
| ICON Equity Fund | 0.58 | 0.55 | 0.67 | 84 | Large Cap Growth Equities | MDFGX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.60 | 0.66 | 0.73 | 80 | Large Cap Growth Equities | MDFGX vs DNVYX |
See all 39 diversifiers for MDFGX
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