Looking to diversify beyond MGSEX? The mutual funds below have historically moved differently from MGSEX, 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 MGSEX
0 mutual funds have low correlation with MGSEX (below 0.3), 0 of which are negatively correlated. The least correlated is Commonwealth Japan Fund (CNJFX) (Japan Equities) with a 1Y correlation of 0.39, roughly unchanged from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Commonwealth Japan Fund | 0.39 | 0.40 | 0.45 | 63 | Japan Equities, Asia Pacific Equities | MGSEX vs CNJFX | |
| DFA Japanese Small Company Portfolio | 0.43 | 0.44 | 0.47 | 69 | Japan Equities, Asia Pacific Equities | MGSEX vs DFJSX | |
| Morgan Stanley China A Share Fund | 0.51 | 0.48 | 0.56 | 78 | China Equities, Asia Pacific Equities | MGSEX vs CAF | |
| Fidelity SAI Japan Stock Index Fund | 0.57 | 0.55 | 0.56 | 62 | Japan Equities, Asia Pacific Equities | MGSEX vs FSJPX | |
| AMG Yacktman Fund | 0.57 | 0.58 | 0.61 | 91 | Large Cap Value Equities | MGSEX vs YACKX |
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