Looking to diversify beyond MISGX? The mutual funds below have historically moved differently from MISGX, 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 MISGX
0 mutual funds have low correlation with MISGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.40, down from 0.78 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.40 | 0.62 | 0.78 | 71 | Small Cap Growth Equities | MISGX vs QISGX | |
| Oberweis Micro Cap Fund | 0.60 | 0.71 | 0.78 | 79 | Small Cap Growth Equities | MISGX vs OBMCX | |
| Needham Small Cap Growth Fund Institutional | 0.60 | 0.69 | 0.77 | 81 | Small Cap Growth Equities | MISGX vs NESIX | |
| Needham Aggressive Growth Fund | 0.60 | 0.65 | 0.73 | 60 | Small Cap Growth Equities | MISGX vs NEAGX | |
| Needham Aggressive Growth Fund Institutional Class | 0.61 | 0.66 | 0.73 | 60 | Small Cap Growth Equities | MISGX vs NEAIX |
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