Looking to diversify beyond MIGNX? The mutual funds below have the lowest correlation with MIGNX — 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 MIGNX.
Best Diversifiers for MIGNX
0 mutual funds have low correlation with MIGNX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.30, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Emerald Insights Fund | 0.30 | 0.70 | 0.78 | 99 | Large Cap Growth Equities | MIGNX vs EFCNX | |
| One Rock Fund | 0.56 | 0.68 | 0.73 | 88 | Large Cap Growth Equities | MIGNX vs ONERX | |
| DFA U.S. Targeted Value Portfolio | 0.60 | 0.64 | 0.68 | 56 | Small Cap Value Equities | MIGNX vs DFFVX | |
| ICON Equity Fund | 0.64 | 0.68 | 0.74 | 76 | Large Cap Growth Equities | MIGNX vs IOLZX | |
| Adams Diversified Equity Fund, Inc. | 0.66 | 0.78 | 0.86 | 73 | Large Cap Growth Equities | MIGNX vs ADX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MIGNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MIGNX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.42, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.42 | 0.52 | 0.66 | 90 | Technology |
Build a portfolio that complements MIGNX
Add MIGNX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MIGNX