Looking to diversify beyond MVGIX? The mutual funds below have historically moved differently from MVGIX, 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 MVGIX
1 mutual funds have low correlation with MVGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) (Multistrategy) with a 1Y correlation of 0.26, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.26 | 0.22 | 0.29 | 90 | Multistrategy, Systematic Trend, Global Equities | MVGIX vs MBXIX | |
| American Funds The New Economy Fund® Class F-2 | 0.32 | 0.52 | 0.66 | 70 | Global Equities | MVGIX vs NEFFX | |
| Oberweis Global Opportunities Fund | 0.32 | 0.52 | 0.62 | 54 | Global Equities | MVGIX vs OBEGX | |
| American Funds The New Economy Fund Class R-3 | 0.32 | 0.53 | 0.66 | 63 | Global Equities | MVGIX vs RNGCX | |
| American Funds The New Economy Fund Class A | 0.32 | 0.53 | 0.66 | 72 | Global Equities, Actively Managed | MVGIX vs ANEFX |
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