Looking to diversify beyond MGRIX? The mutual funds below have historically moved differently from MGRIX, 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 MGRIX
0 mutual funds have low correlation with MGRIX (below 0.3), 0 of which are negatively correlated. The least correlated is ICON Equity Fund (IOLZX) (Large Cap Growth Equities) with a 1Y correlation of 0.63, roughly unchanged from 0.69 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ICON Equity Fund | 0.63 | 0.58 | 0.69 | 80 | Large Cap Growth Equities | MGRIX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.65 | 0.68 | 0.75 | 90 | Large Cap Growth Equities | MGRIX vs DNVYX | |
| American Growth Fund Series One | 0.67 | 0.74 | 0.80 | 56 | Large Cap Growth Equities | MGRIX vs AMRGX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.71 | 0.63 | 0.69 | 76 | Foreign Large Cap Equities | MGRIX vs VTMGX | |
| Fidelity Select Semiconductors Portfolio | 0.72 | 0.76 | 0.81 | 80 | Semiconductors, Technology Equities | MGRIX vs FSELX |
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