PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The mutual fund aims to invest in established and emerging companies globally, focusing on those with market capitalizations similar to those in the MSCI All Country World Index. The fund primarily targets undervalued companies, both established and emerging, and may also consider equity securities, privately placed, and restricted securities in its portfolio.

Looking to diversify beyond MGGPX? The mutual funds below have the lowest correlation with MGGPX — 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 MGGPX.

Best Diversifiers for MGGPX

1 mutual funds have low correlation with MGGPX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) (Ultrashort Bond) with a 1Y correlation of 0.02, roughly unchanged from 0.02 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MUIIX
Morgan Stanley Institutional Fund Trust Ultra-Shor...0.020.020.02
99
Ultrashort BondMGGPX vs MUIIX
RTXAX
Russell Investment Tax-Managed Real Assets Fund0.360.470.56
81
Global EquitiesMGGPX vs RTXAX
PRAFX
T. Rowe Price Real Assets Fund0.400.500.57
57
Global EquitiesMGGPX vs PRAFX
FMIEX
Wasatch Global Value Fund Investor Class Shares0.480.410.49
89
Global EquitiesMGGPX vs FMIEX
PGVFX
Polaris Global Value Fund0.490.550.60
90
Global EquitiesMGGPX vs PGVFX
See all 31 diversifiers for MGGPX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MGGPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGGPX and solid risk/return profiles. The least correlated is Prologis, Inc. (PLD) (Real Estate) with a 1Y correlation of 0.23, down from 0.40 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
PLD
Prologis, Inc.0.230.310.40
83
Real Estate
MSCI
MSCI Inc.0.290.380.57
50
Financial Services
TMO
Thermo Fisher Scientific Inc.0.290.300.41
56
Healthcare
CDNS
Cadence Design Systems, Inc.0.550.630.67
68
Technology

Rows per page

1–4 of 4

Diversification Analysis

Build a portfolio that complements MGGPX

Add MGGPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with MGGPX