Looking to diversify beyond MNRGX? The mutual funds below have the lowest correlation with MNRGX — 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 MNRGX.
Best Diversifiers for MNRGX
0 mutual funds have low correlation with MNRGX (below 0.3), 0 of which are negatively correlated. The least correlated is ICON Equity Fund (IOLZX) (Large Cap Growth Equities) with a 1Y correlation of 0.63, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ICON Equity Fund | 0.63 | 0.64 | 0.74 | 84 | Large Cap Growth Equities | MNRGX vs IOLZX | |
| One Rock Fund | 0.68 | 0.77 | 0.79 | 87 | Large Cap Growth Equities | MNRGX vs ONERX | |
| Fidelity SAI U.S. Momentum Index Fund | 0.76 | 0.82 | 0.85 | 74 | Large Cap Growth Equities | MNRGX vs FUMIX | |
| Chase Growth Fund | 0.76 | 0.82 | 0.86 | 88 | Large Cap Growth Equities | MNRGX vs CHASX | |
| PrimeCap Odyssey Growth Fund | 0.76 | 0.81 | 0.86 | 93 | Large Cap Growth Equities | MNRGX vs POGRX |
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