Looking to diversify beyond MGINX? The mutual funds below have the lowest correlation with MGINX — 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 MGINX.
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 -0.02, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.02 | 0.13 | 0.13 | 75 | Tactical Allocation | MGINX vs PBAIX | |
| DWS Intermediate Tax-Free Fund | 0.38 | 0.35 | 0.25 | 65 | Municipal Bonds | MGINX vs SCMTX | |
| AQR Diversifying Strategies Fund Class N | 0.39 | 0.33 | 0.17 | 88 | Tactical Allocation | MGINX vs QDSNX | |
| Quantified Evolution Plus Fund | 0.45 | 0.58 | 0.40 | 80 | Tactical Allocation | MGINX vs QEVOX | |
| Quantified STF Fund | 0.52 | 0.53 | 0.41 | 59 | Tactical Allocation | MGINX vs QSTFX |
See all 38 diversifiers for MGINX
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