Looking to diversify beyond MGSEX? The mutual funds below have the lowest correlation with MGSEX — 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 MGSEX.
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 AMG Boston Common Global Impact Fund (BRWIX) (Large Cap Growth Equities) with a 1Y correlation of 0.71, roughly unchanged from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Boston Common Global Impact Fund | 0.71 | 0.73 | 0.72 | 71 | Large Cap Growth Equities | MGSEX vs BRWIX | |
| Vanguard Pacific Stock Index Fund Admiral Shares | 0.72 | 0.71 | 0.71 | 85 | Asia Pacific Equities | MGSEX vs VPADX | |
| Vanguard Pacific Stock Index Fund Institutional Sh... | 0.72 | 0.71 | 0.72 | 85 | Asia Pacific Equities | MGSEX vs VPKIX | |
| Guinness Atkinson Asia Focus Fund | 0.78 | 0.80 | 0.81 | 65 | Asia Pacific Equities | MGSEX vs IASMX | |
| Fidelity Pacific Basin Fund | 0.80 | 0.83 | 0.84 | 87 | Asia Pacific Equities | MGSEX vs FPBFX |
See all 16 diversifiers for MGSEX
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