Looking to diversify beyond MGRVX? The mutual funds below have the lowest correlation with MGRVX — 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 MGRVX.
Best Diversifiers for MGRVX
0 mutual funds have low correlation with MGRVX (below 0.3), 0 of which are negatively correlated. The least correlated is Kopernik International Fund (KGIIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.59, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Kopernik International Fund | 0.59 | 0.50 | 0.60 | 54 | Foreign Large Cap Equities | MGRVX vs KGIIX | |
| SA International Value Fund | 0.63 | 0.64 | 0.69 | 88 | Foreign Large Cap Equities | MGRVX vs SAHMX | |
| PIMCO RAE PLUS International Fund | 0.64 | 0.63 | 0.64 | 75 | Foreign Large Cap Equities | MGRVX vs PTSIX | |
| EuroPac International Dividend Income Fund Class A | 0.66 | 0.67 | 0.69 | 74 | Foreign Large Cap Equities, Dividend | MGRVX vs EPDPX | |
| EuroPac International Dividend Income Fund | 0.66 | 0.67 | 0.69 | 75 | Foreign Large Cap Equities | MGRVX vs EPDIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MGRVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGRVX and solid risk/return profiles. The least correlated is QUALCOMM Incorporated (QCOM) (Technology) with a 1Y correlation of 0.45, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| QUALCOMM Incorporated | 0.45 | 0.50 | 0.55 | 71 | Technology |
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