Looking to diversify beyond MOGAX? The mutual funds below have historically moved differently from MOGAX, 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 MOGAX
45 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 -0.03, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.03 | 0.13 | 0.50 | 73 | Diversified Portfolio | MOGAX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.00 | 0.07 | 0.17 | 69 | Diversified Portfolio | MOGAX vs SIFAX | |
| Bruce Fund | 0.04 | 0.47 | 0.60 | 92 | Diversified Portfolio | MOGAX vs BRUFX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.07 | 0.34 | 0.41 | 99 | Diversified Portfolio | MOGAX vs STDAX | |
| Fidelity Strategic Real Return Fund | 0.10 | 0.52 | 0.61 | 94 | Diversified Portfolio | MOGAX vs FSRRX |
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