Looking to diversify beyond MGBJX? The mutual funds below have the lowest correlation with MGBJX — 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 MGBJX.
Best Diversifiers for MGBJX
0 mutual funds have low correlation with MGBJX (below 0.3), 0 of which are negatively correlated. The least correlated is Destinations Global Fixed Income Opportunities Fund (DGFFX) (Global Bonds) with a 1Y correlation of 0.44, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Destinations Global Fixed Income Opportunities Fun... | 0.44 | 0.50 | 0.50 | 98 | Global Bonds | MGBJX vs DGFFX | |
| Eaton Vance Global Bond Fund | 0.49 | 0.66 | 0.58 | 90 | Global Bonds | MGBJX vs EAIIX | |
| Payden Global Low Duration Fund | 0.58 | 0.60 | 0.59 | 77 | Global Bonds | MGBJX vs PYGSX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 0.60 | 0.38 | 0.50 | 81 | Global Bonds | MGBJX vs DFSHX | |
| Dunham International Opportunity Bond Fund | 0.64 | 0.74 | 0.70 | 56 | Global Bonds | MGBJX vs DAIOX |
See all 7 diversifiers for MGBJX
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