Looking to diversify beyond MQGIX? The mutual funds below have the lowest correlation with MQGIX — 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 MQGIX.
Best Diversifiers for MQGIX
0 mutual funds have low correlation with MQGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.46, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.46 | 0.55 | 0.65 | 71 | Foreign Large Cap Equities | MQGIX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.59 | 0.62 | 0.63 | 87 | Foreign Large Cap Equities | MQGIX vs PTSIX | |
| SA International Value Fund | 0.65 | 0.64 | 0.69 | 90 | Foreign Large Cap Equities | MQGIX vs SAHMX | |
| American Beacon Tocqueville International Value Fu... | 0.68 | 0.70 | 0.78 | 66 | Foreign Large Cap Equities | MQGIX vs TIVFX | |
| GMO Tax-Managed International Equities Fund | 0.77 | 0.78 | 0.81 | 92 | Foreign Large Cap Equities | MQGIX vs GTMIX |
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