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
0 mutual funds have low correlation with MGFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Holbrook Income Fund Class I (HOBIX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.34, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 0.34 | 0.34 | 0.39 | 98 | Intermediate Core-Plus Bond | MGFIX vs HOBIX | |
| AMG Boston Common Global Impact Fund | 0.41 | 0.36 | 0.33 | 71 | Large Cap Growth Equities | MGFIX vs BRWIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.46 | 0.22 | 0.15 | 95 | Intermediate Core-Plus Bond | MGFIX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.46 | 0.24 | 0.18 | 94 | Intermediate Core-Plus Bond | MGFIX vs LCTRX | |
| GMO Multi-Sector Fixed Income Fund | 0.70 | 0.90 | 0.90 | 76 | Intermediate Core-Plus Bond | MGFIX vs GUGAX |
See all 9 diversifiers for MGFIX
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