Looking to diversify beyond MGF? The mutual funds below have historically moved differently from MGF, 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 MGF
13 mutual funds have low correlation with MGF (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 0.06, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short-Term Government Portfolio | 0.06 | -0.02 | 0.12 | 99 | Government Bonds | MGF vs DFFGX | |
| GMO U.S. Treasury Fund | 0.07 | 0.08 | 0.08 | 99 | Government Bonds | MGF vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.07 | 0.27 | 0.28 | 99 | Government Bonds | MGF vs FEUGX | |
| Davis Government Bond Fund | 0.14 | 0.22 | 0.25 | 88 | Government Bonds | MGF vs RFBAX | |
| MFS Value Fund | 0.15 | 0.17 | 0.14 | 67 | Large Cap Value Equities | MGF vs MEIAX |
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