Looking to diversify beyond MGBLX? The mutual funds below have the lowest correlation with MGBLX — 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 MGBLX.
Best Diversifiers for MGBLX
0 mutual funds have low correlation with MGBLX (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 0.46, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Destinations Global Fixed Income Opportunities Fun... | 0.46 | 0.51 | 0.51 | 98 | Global Bonds | MGBLX vs DGFFX | |
| Eaton Vance Global Bond Fund | 0.47 | 0.67 | 0.60 | 90 | Global Bonds | MGBLX vs EAIIX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 0.59 | 0.37 | 0.51 | 81 | Global Bonds | MGBLX vs DFSHX | |
| Payden Global Low Duration Fund | 0.62 | 0.63 | 0.61 | 77 | Global Bonds | MGBLX vs PYGSX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.64 | 0.78 | 0.77 | 91 | Global Bonds | MGBLX vs PRSNX |
See all 7 diversifiers for MGBLX
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