Looking to diversify beyond MGFIX? The mutual funds below have the lowest correlation with MGFIX — 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 MGFIX.
Best Diversifiers for MGFIX
2 mutual funds have low correlation with MGFIX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Yacktman Focused Fund (YAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.20 | 0.23 | 0.19 | 86 | Large Cap Value Equities | MGFIX vs YAFFX | |
| AMG Yacktman Fund | 0.26 | 0.25 | 0.19 | 86 | Large Cap Value Equities | MGFIX vs YACKX | |
| Holbrook Income Fund Class I | 0.32 | 0.33 | 0.39 | 99 | Intermediate Core-Plus Bond | MGFIX vs HOBIX | |
| AMG Boston Common Global Impact Fund | 0.40 | 0.36 | 0.33 | 53 | Large Cap Growth Equities | MGFIX vs BRWIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.45 | 0.22 | 0.15 | 96 | Intermediate Core-Plus Bond | MGFIX vs LCTIX |
See all 12 diversifiers for MGFIX
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