Looking to diversify beyond MGFAX? The mutual funds below have the lowest correlation with MGFAX — 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 MGFAX.
Best Diversifiers for MGFAX
2 mutual funds have low correlation with MGFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.16, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.16 | 0.29 | 0.44 | 51 | Global Equities | MGFAX vs CSUAX | |
| MassMutual Short Duration Bond Fund | 0.24 | 0.17 | 0.19 | 88 | Short-Term Bond | MGFAX vs MSTDX | |
| MassMutual Diversified Bond Fund | 0.34 | 0.25 | 0.23 | 83 | Intermediate Core-Plus Bond | MGFAX vs MDVAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.38 | 0.50 | 0.60 | 76 | Global Equities | MGFAX vs RTXAX | |
| Polaris Global Value Fund | 0.47 | 0.57 | 0.64 | 92 | Global Equities | MGFAX vs PGVFX |
See all 31 diversifiers for MGFAX
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