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Mercer Non-US Core Equity Fund (MNCEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
Documentation

The investment seeks to provide long-term total return, which includes capital appreciation and income. The fund invests principally in equity securities (such as common stock) issued by non-U.S. companies of any capitalization, located in the world's developed and emerging capital markets. It employs a "core equity" investment strategy that seeks to meet the fund's investment objective by investing in both growth- and value-oriented equity securities. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes, if any) in the equity securities of non-U.S. companies.

Looking to diversify beyond MNCEX? The mutual funds below have historically moved differently from MNCEX, 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 MNCEX

0 mutual funds have low correlation with MNCEX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund (GSINX) (Foreign Large Cap Equities) with a 1Y correlation of 0.40, down from 0.68 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GSINX
Goldman Sachs GQG Partners International Opportuni...0.400.580.68
61
Foreign Large Cap EquitiesMNCEX vs GSINX
GSIMX
Goldman Sachs GQG Partners International Opportuni...0.410.580.68
61
Foreign Large Cap EquitiesMNCEX vs GSIMX
IVFIX
Federated Hermes International Strategic Value Div...0.480.610.68
88
Foreign Large Cap EquitiesMNCEX vs IVFIX
GQJPX
GQG Partners International Quality Dividend Income...0.510.640.70
71
Quality Factor, Foreign Large Cap EquitiesMNCEX vs GQJPX
FSKLX
Fidelity SAI International Low Volatility Index Fu...0.540.640.73
66
Foreign Large Cap Equities, Low VolatilityMNCEX vs FSKLX
See all 35 diversifiers for MNCEX

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