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Franklin Mutual Global Discovery Fund (MDISX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks capital appreciation. The fund invests primarily in equity securities (including securities convertible into, or that the investment manager expects to be exchanged for, common or preferred stock) of U.S. and foreign companies that the investment manager believes are available at market prices less than their value based on certain recognized or objective criteria (intrinsic value). The equity securities in which the fund invests are primarily common stock. The fund may invest substantially and potentially up to 100% of its assets in foreign securities and participations in foreign government debt.

Looking to diversify beyond MDISX? The mutual funds below have the lowest correlation with MDISX — 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 MDISX.

Best Diversifiers for MDISX

0 mutual funds have low correlation with MDISX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund I Class (PGTIX) (Technology Equities) with a 1Y correlation of 0.39, down from 0.51 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PGTIX
T. Rowe Price Global Technology Fund I Class0.390.440.51
88
Technology Equities, Global EquitiesMDISX vs PGTIX
OBEGX
Oberweis Global Opportunities Fund0.500.610.68
79
Global EquitiesMDISX vs OBEGX
NEFFX
American Funds The New Economy Fund® Class F-20.540.610.68
88
Global EquitiesMDISX vs NEFFX
CSUAX
Cohen & Steers Global Infrastructure Fund Class A0.540.600.66
52
Global EquitiesMDISX vs CSUAX
FIQOX
Fidelity Advisor Worldwide Fund Class Z0.570.610.72
77
Global EquitiesMDISX vs FIQOX
See all 31 diversifiers for MDISX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MDISX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MDISX and solid risk/return profiles. The least correlated is Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of 0.10, down from 0.41 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
VTR
Ventas, Inc.0.100.310.41
87
Real Estate

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