Looking to diversify beyond MSTGX? The mutual funds below have historically moved differently from MSTGX, 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 MSTGX
1 mutual funds have low correlation with MSTGX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.18, up from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.18 | 0.01 | -0.12 | 79 | Global Allocation | MSTGX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.36 | 0.36 | 0.59 | 68 | Global Allocation | MSTGX vs MHESX | |
| Allspring Absolute Return Fund | 0.38 | 0.58 | 0.62 | 86 | Global Allocation | MSTGX vs WARAX | |
| Morningstar Municipal Bond Fund | 0.38 | 0.37 | 0.29 | 69 | Municipal Bonds | MSTGX vs MSTPX | |
| Wilmington Real Asset Fund | 0.40 | 0.53 | 0.61 | 90 | Global Allocation | MSTGX vs WMRIX |
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