Looking to diversify beyond MGRVX? The mutual funds below have historically moved differently from MGRVX, 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 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 0.45, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.45 | 0.55 | 0.65 | 88 | Foreign Large Cap Equities | MGRVX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.46 | 0.67 | 0.73 | 61 | Foreign Large Cap Equities | MGRVX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.46 | 0.67 | 0.73 | 61 | Foreign Large Cap Equities | MGRVX vs GSIMX | |
| GQG Partners International Quality Dividend Income... | 0.51 | 0.65 | 0.68 | 71 | Quality Factor, Foreign Large Cap Equities | MGRVX vs GQJPX | |
| PIMCO Income Fund Institutional Class | 0.55 | 0.39 | 0.45 | 52 | Multisector Bonds | MGRVX vs PIMIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MGRVX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.14, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.14 | 0.22 | 0.29 | 77 | Real Estate |
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