Looking to diversify beyond MGINX? The mutual funds below have historically moved differently from MGINX, 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 MGINX
1 mutual funds have low correlation with MGINX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.00, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.00 | 0.15 | 0.13 | 85 | Tactical Allocation | MGINX vs PBAIX | |
| AQR Diversifying Strategies Fund Class N | 0.38 | 0.32 | 0.16 | 92 | Tactical Allocation | MGINX vs QDSNX | |
| DWS Intermediate Tax-Free Fund | 0.38 | 0.35 | 0.26 | 59 | Municipal Bonds | MGINX vs SCMTX | |
| DWS CROCI Equity Dividend Fd | 0.42 | 0.45 | 0.56 | 63 | Large Cap Value Equities | MGINX vs KDHAX | |
| Quantified Evolution Plus Fund | 0.46 | 0.57 | 0.39 | 82 | Tactical Allocation | MGINX vs QEVOX |
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