Looking to diversify beyond MOGAX? The mutual funds below have the lowest correlation with MOGAX — 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 MOGAX.
Best Diversifiers for MOGAX
20 mutual funds have low correlation with MOGAX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.06, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.06 | 0.09 | 0.18 | 76 | Diversified Portfolio | MOGAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.17 | 0.52 | 69 | Diversified Portfolio | MOGAX vs MHELX | |
| Timothy Plan Defensive Strategies Fund | 0.14 | 0.44 | 0.57 | 59 | Diversified Portfolio | MOGAX vs TPDAX | |
| MassMutual Short Duration Bond Fund | 0.14 | 0.33 | 0.30 | 87 | Short-Term Bond | MOGAX vs MSTDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.16 | 0.54 | 0.61 | 96 | Diversified Portfolio | MOGAX vs FIQDX |
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