Looking to diversify beyond MDGCX? The mutual funds below have the lowest correlation with MDGCX — 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 MDGCX.
Best Diversifiers for MDGCX
0 mutual funds have low correlation with MDGCX (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 0.31, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.31 | 0.43 | 0.58 | 51 | Global Equities | MDGCX vs CSUAX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.41 | 0.26 | 0.18 | 95 | Long-Short | MDGCX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.51 | 0.37 | 0.18 | 60 | Systematic Trend | MDGCX vs ASFYX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.55 | 0.65 | 0.74 | 76 | Global Equities | MDGCX vs RTXAX | |
| Polaris Global Value Fund | 0.57 | 0.68 | 0.77 | 92 | Global Equities | MDGCX vs PGVFX |
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