Looking to diversify beyond MIGIX? The mutual funds below have the lowest correlation with MIGIX — 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 MIGIX.
Best Diversifiers for MIGIX
2 mutual funds have low correlation with MIGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.10, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.10 | 0.25 | 0.34 | 52 | Global Equities | MIGIX vs CSUAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.29 | 0.46 | 0.51 | 80 | Global Equities | MIGIX vs RTXAX | |
| Wasatch Global Value Fund Investor Class Shares | 0.33 | 0.34 | 0.40 | 86 | Global Equities | MIGIX vs FMIEX | |
| Polaris Global Value Fund | 0.35 | 0.49 | 0.52 | 93 | Global Equities | MIGIX vs PGVFX | |
| LSV Global Managed Volatility Fund | 0.35 | 0.43 | 0.47 | 84 | Global Equities | MIGIX vs LVAFX |
See all 29 diversifiers for MIGIX
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