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 Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.46, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.46 | 0.55 | 0.65 | 61 | Foreign Large Cap Equities | MGRVX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.60 | 0.62 | 0.63 | 82 | Foreign Large Cap Equities | MGRVX vs PTSIX | |
| SA International Value Fund | 0.63 | 0.64 | 0.69 | 89 | Foreign Large Cap Equities | MGRVX vs SAHMX | |
| Fidelity Small Cap Growth Fund | 0.65 | 0.64 | 0.68 | 66 | Small Cap Growth Equities | MGRVX vs FCPGX | |
| DFA Emerging Markets Portfolio | 0.66 | 0.70 | 0.73 | 80 | Emerging Markets Diversified | MGRVX vs DFEMX |
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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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.15, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.15 | 0.21 | 0.30 | 72 | Real Estate | |
| QUALCOMM Incorporated | 0.43 | 0.49 | 0.54 | 60 | Technology |
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