Looking to diversify beyond MXGMX? The mutual funds below have historically moved differently from MXGMX, 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 MXGMX
2 mutual funds have low correlation with MXGMX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.05 | 0.04 | 0.04 | 99 | Government Bonds | MXGMX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.19 | 0.48 | 0.46 | 99 | Government Bonds | MXGMX vs FEUGX | |
| DFA Short-Term Government Portfolio | 0.37 | 0.09 | 0.32 | 99 | Government Bonds | MXGMX vs DFFGX | |
| Davis Government Bond Fund | 0.38 | 0.48 | 0.57 | 88 | Government Bonds | MXGMX vs RFBAX | |
| Vanguard Emerging Markets Government Bond Index Fu... | 0.62 | 0.68 | 0.63 | 59 | Government Bonds | MXGMX vs VGAVX |
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