Looking to diversify beyond MGLIX? The mutual funds below have the lowest correlation with MGLIX — 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 MGLIX.
Best Diversifiers for MGLIX
2 mutual funds have low correlation with MGLIX (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.22 | — | — | 98 | REIT | MGLIX vs QREARX | |
| Redwood Real Estate Income Fund | 0.01 | — | — | 100 | REIT | MGLIX vs CREMX | |
| Fidelity Series Real Estate Income Fund | 0.54 | 0.55 | 0.69 | 89 | REIT | MGLIX vs FSREX |
Build a portfolio that complements MGLIX
Add MGLIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MGLIX