Looking to diversify beyond MSTGX? The mutual funds below have the lowest correlation with MSTGX — 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 MSTGX.
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 0.25, up from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.25 | 0.00 | -0.10 | 85 | Global Allocation | MSTGX vs LFMIX | |
| Morningstar Municipal Bond Fund | 0.39 | 0.37 | 0.29 | 75 | Municipal Bonds | MSTGX vs MSTPX | |
| Allspring Absolute Return Fund | 0.43 | 0.61 | 0.63 | 91 | Global Allocation | MSTGX vs WARAX | |
| MH Elite Select Portfolio of Funds Fund | 0.43 | 0.39 | 0.61 | 57 | Global Allocation | MSTGX vs MHESX | |
| Calamos Global Dynamic Income Fund | 0.43 | 0.49 | 0.57 | 71 | Global Allocation | MSTGX vs CHW |
See all 26 diversifiers for MSTGX
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