PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Mercer Non-US Core Equity Fund (MNCEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

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 the lowest correlation with MNCEX — 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 MNCEX.

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 Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.51, down from 0.69 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
IVFIX
Federated Hermes International Strategic Value Div...0.510.620.69
63
Foreign Large Cap EquitiesMNCEX vs IVFIX
THOIX
Thornburg Global Opportunities Fund0.630.680.73
86
Foreign Large Cap EquitiesMNCEX vs THOIX
PPYPX
PIMCO RAE International Fund0.630.700.77
59
Foreign Large Cap EquitiesMNCEX vs PPYPX
MSCGX
Mercer US Small/Mid Cap Equity Fund0.640.620.65
53
Small Cap Blend EquitiesMNCEX vs MSCGX
MEMQX
Mercer Emerging Markets Equity Fund0.650.670.69
83
Emerging Markets DiversifiedMNCEX vs MEMQX
See all 19 diversifiers for MNCEX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements MNCEX

Add MNCEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with MNCEX