Looking to diversify beyond MPGVX? The mutual funds below have historically moved differently from MPGVX, 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 MPGVX
0 mutual funds have low correlation with MPGVX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.33, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.33 | 0.58 | 0.67 | 63 | Quality Factor, Global Equities | MPGVX vs GQFPX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.34 | 0.26 | 0.32 | 95 | Multistrategy, Systematic Trend, Global Equities | MPGVX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.35 | 0.26 | 0.32 | 95 | Multistrategy, Systematic Trend, Global Equities | MPGVX vs MBXAX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.41 | 0.54 | 0.64 | 66 | Infrastructure Equities, Global Equities | MPGVX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.43 | 0.56 | 0.68 | 52 | Infrastructure Equities, Global Equities | MPGVX vs FGIAX |
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