Looking to diversify beyond MFGSX? The mutual funds below have historically moved differently from MFGSX, 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 MFGSX
4 mutual funds have low correlation with MFGSX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund (MEIAX) (Large Cap Value Equities) with a 1Y correlation of 0.25, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund | 0.25 | 0.20 | 0.14 | 78 | Large Cap Value Equities | MFGSX vs MEIAX | |
| MFS Value Fund Class I | 0.25 | 0.20 | 0.14 | 79 | Large Cap Value Equities | MFGSX vs MEIIX | |
| MFS Value Fund | 0.25 | 0.20 | 0.14 | 79 | Large Cap Value Equities | MFGSX vs MEIKX | |
| GMO U.S. Treasury Fund | 0.26 | 0.13 | 0.09 | 99 | Government Bonds | MFGSX vs GUSTX | |
| DFA Short-Term Government Portfolio | 0.31 | 0.10 | 0.34 | 99 | Government Bonds | MFGSX vs DFFGX |
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