Looking to diversify beyond MVGIX? The mutual funds below have the lowest correlation with MVGIX — 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 MVGIX.
Best Diversifiers for MVGIX
0 mutual funds have low correlation with MVGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Global Advantage Fund (BGAIX) (Global Equities) with a 1Y correlation of 0.39, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Global Advantage Fund | 0.39 | 0.47 | 0.56 | 68 | Global Equities | MVGIX vs BGAIX | |
| Oberweis Global Opportunities Fund | 0.44 | 0.56 | 0.64 | 75 | Global Equities | MVGIX vs OBEGX | |
| American Funds The New Economy Fund® Class F-2 | 0.44 | 0.58 | 0.69 | 87 | Global Equities | MVGIX vs NEFFX | |
| American Funds The New Economy Fund | 0.45 | 0.58 | 0.69 | 87 | Global Equities | MVGIX vs ANEFX | |
| Fidelity Advisor Worldwide Fund Class Z | 0.47 | 0.58 | 0.71 | 74 | Global Equities | MVGIX vs FIQOX |
See all 82 diversifiers for MVGIX
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