Looking to diversify beyond MIAGX? The mutual funds below have the lowest correlation with MIAGX — 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 MIAGX.
Best Diversifiers for MIAGX
1 mutual funds have low correlation with MIAGX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.08, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.18 | 0.52 | 70 | Diversified Portfolio | MIAGX vs MHELX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.46 | 0.61 | 0.65 | 88 | Diversified Portfolio | MIAGX vs FSRKX | |
| Fidelity Strategic Real Return Fund | 0.46 | 0.62 | 0.66 | 87 | Diversified Portfolio | MIAGX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.47 | 0.61 | 0.65 | 82 | Diversified Portfolio | MIAGX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.47 | 0.61 | 0.65 | 86 | Diversified Portfolio | MIAGX vs FSIRX |
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