Looking to diversify beyond MGLIX? The mutual funds below have historically moved differently from MGLIX, 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 MGLIX
2 mutual funds have low correlation with MGLIX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.24 | — | — | 99 | REIT | MGLIX vs QREARX | |
| Redwood Real Estate Income Fund | 0.02 | — | — | 100 | REIT | MGLIX vs CREMX | |
| Fidelity Series Real Estate Income Fund | 0.51 | 0.54 | 0.68 | 87 | REIT | MGLIX vs FSREX | |
| MFS International Diversification Fund | 0.59 | 0.62 | 0.68 | 61 | Foreign Large Cap Equities | MGLIX vs MDIJX | |
| MFS International Intrinsic Value Fund Class I | 0.61 | 0.60 | 0.66 | 51 | Large Cap Growth Equities, Foreign Large Cap Equities | MGLIX vs MINIX |
See all 27 diversifiers for MGLIX
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