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Looking to diversify beyond MPGFX? The mutual funds below have the lowest correlation with MPGFX — 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 MPGFX.

Best Diversifiers for MPGFX

1 mutual funds have low correlation with MPGFX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.29, up from 0.13 over 5 years.


Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MPGFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MPGFX and solid risk/return profiles. The least correlated is International Business Machines Corporation (IBM) (Technology) with a 1Y correlation of 0.29, down from 0.45 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
International Business Machines Corporation0.290.410.45
53
Technology

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