Looking to diversify beyond MISGX? The mutual funds below have the lowest correlation with MISGX — 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 MISGX.
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 0.33, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.33 | 0.63 | 0.78 | 72 | Small Cap Growth Equities | MISGX vs QISGX | |
| Oberweis Micro Cap Fund | 0.60 | 0.72 | 0.79 | 91 | Small Cap Growth Equities | MISGX vs OBMCX | |
| Calamos Timpani Small Cap Growth Fund | 0.60 | 0.69 | 0.78 | 77 | Small Cap Growth Equities | MISGX vs CTSIX | |
| Needham Small Cap Growth Fund Institutional | 0.61 | 0.70 | 0.78 | 95 | Small Cap Growth Equities | MISGX vs NESIX | |
| Needham Aggressive Growth Fund | 0.61 | 0.66 | 0.74 | 93 | Small Cap Growth Equities | MISGX vs NEAGX |
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