Looking to diversify beyond MGRIX? The mutual funds below have the lowest correlation with MGRIX — 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 MGRIX.
Best Diversifiers for MGRIX
0 mutual funds have low correlation with MGRIX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.50, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.50 | 0.60 | 0.70 | 72 | Large Cap Growth Equities | MGRIX vs BPTRX | |
| ICON Equity Fund | 0.60 | 0.57 | 0.69 | 84 | Large Cap Growth Equities | MGRIX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.62 | 0.69 | 0.74 | 80 | Large Cap Growth Equities | MGRIX vs DNVYX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.67 | 0.62 | 0.68 | 61 | Foreign Large Cap Equities | MGRIX vs VTMGX | |
| Fidelity Select Semiconductors Portfolio | 0.71 | 0.77 | 0.81 | 96 | Semiconductors, Technology Equities | MGRIX vs FSELX |
See all 27 diversifiers for MGRIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MGRIX
Add MGRIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MGRIX