Looking to diversify beyond MGIAX? The mutual funds below have the lowest correlation with MGIAX — 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 MGIAX.
Best Diversifiers for MGIAX
0 mutual funds have low correlation with MGIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Kopernik International Fund (KGIIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.62, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Kopernik International Fund | 0.62 | 0.53 | 0.59 | 54 | Foreign Large Cap Equities | MGIAX vs KGIIX | |
| PIMCO RAE PLUS International Fund | 0.65 | 0.65 | 0.63 | 75 | Foreign Large Cap Equities | MGIAX vs PTSIX | |
| American Beacon Tocqueville International Value Fu... | 0.66 | 0.72 | 0.79 | 93 | Foreign Large Cap Equities | MGIAX vs TIVFX | |
| Thornburg Global Opportunities Fund | 0.68 | 0.75 | 0.76 | 91 | Foreign Large Cap Equities | MGIAX vs THOIX | |
| SA International Value Fund | 0.68 | 0.69 | 0.70 | 88 | Foreign Large Cap Equities | MGIAX vs SAHMX |
See all 24 diversifiers for MGIAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MGIAX
Add MGIAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MGIAX