Looking to diversify beyond MFGSX? The mutual funds below have the lowest correlation with MFGSX — 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 MFGSX.
Best Diversifiers for MFGSX
2 mutual funds have low correlation with MFGSX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short-Term Government Portfolio (DFFGX) (Government Bonds) with a 1Y correlation of 0.20, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short-Term Government Portfolio | 0.20 | 0.07 | 0.34 | 62 | Government Bonds | MFGSX vs DFFGX | |
| GMO U.S. Treasury Fund | 0.29 | 0.11 | 0.08 | 99 | Government Bonds | MFGSX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.34 | 0.54 | 0.52 | 99 | Government Bonds | MFGSX vs FEUGX | |
| Davis Government Bond Fund | 0.54 | 0.57 | 0.63 | 69 | Government Bonds | MFGSX vs RFBAX | |
| Vanguard Emerging Markets Government Bond Index Fu... | 0.60 | 0.69 | 0.64 | 77 | Government Bonds | MFGSX vs VGIVX |
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