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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.13 | 0.13 | 73 | Large Cap Blend Equities | MPGFX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.46 | 0.34 | 0.42 | 72 | Large Cap Blend Equities | MPGFX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.61 | 0.59 | 0.64 | 57 | Large Cap Blend Equities, Foreign Large Cap Equities | MPGFX vs SGOIX | |
| Rock Oak Core Growth Fund | 0.67 | 0.73 | 0.81 | 56 | Large Cap Blend Equities | MPGFX vs RCKSX | |
| American Funds The Income Fund of America Class A | 0.67 | 0.73 | 0.78 | 53 | Diversified Portfolio, Dividend | MPGFX vs AMECX |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Business Machines Corporation | 0.29 | 0.41 | 0.45 | 53 | Technology |
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