Looking to diversify beyond MGFIX? The mutual funds below have historically moved differently from MGFIX, 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 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 0.18, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.18 | 0.21 | 0.19 | 89 | Large Cap Value Equities | MGFIX vs YAFFX | |
| AMG Yacktman Fund | 0.24 | 0.24 | 0.19 | 91 | Large Cap Value Equities | MGFIX vs YACKX | |
| Holbrook Income Fund Class I | 0.34 | 0.33 | 0.39 | 99 | Intermediate Core-Plus Bond | MGFIX vs HOBIX | |
| AMG Boston Common Global Impact Fund | 0.41 | 0.36 | 0.34 | 54 | Large Cap Growth Equities | MGFIX vs BRWIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.48 | 0.24 | 0.16 | 92 | Intermediate Core-Plus Bond | MGFIX vs LCTIX |
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