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
29 mutual funds have low correlation with MOGAX (below 0.3), 2 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.08, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.08 | 0.15 | 0.51 | 69 | Diversified Portfolio | MOGAX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.00 | 0.09 | 0.18 | 58 | Diversified Portfolio | MOGAX vs SIFAX | |
| MassMutual Short Duration Bond Fund | 0.08 | 0.33 | 0.30 | 89 | Short-Term Bond | MOGAX vs MSTDX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.13 | 0.35 | 0.42 | 99 | Diversified Portfolio | MOGAX vs STDAX | |
| Timothy Plan Defensive Strategies Fund | 0.15 | 0.42 | 0.55 | 52 | Diversified Portfolio | MOGAX vs TPDAX |
See all 40 diversifiers for MOGAX
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