Looking to diversify beyond MRGAX? The mutual funds below have the lowest correlation with MRGAX — 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 MRGAX.
Best Diversifiers for MRGAX
1 mutual funds have low correlation with MRGAX (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 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.14 | 0.12 | 73 | Large Cap Blend Equities | MRGAX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.35 | 0.42 | 72 | Large Cap Blend Equities | MRGAX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.63 | 0.62 | 0.66 | 57 | Large Cap Blend Equities, Foreign Large Cap Equities | MRGAX vs SGOIX | |
| Rock Oak Core Growth Fund | 0.70 | 0.78 | 0.84 | 56 | Large Cap Blend Equities | MRGAX vs RCKSX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.74 | 0.85 | 0.90 | 91 | Large Cap Blend Equities | MRGAX vs RESGX |
See all 40 diversifiers for MRGAX
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