Looking to diversify beyond MXMGX? The mutual funds below have the lowest correlation with MXMGX — 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 MXMGX.
Best Diversifiers for MXMGX
0 mutual funds have low correlation with MXMGX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Science And Technology Fund (PRSCX) (Technology Equities) with a 1Y correlation of 0.41, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.41 | 0.56 | 0.69 | 87 | Technology Equities | MXMGX vs PRSCX | |
| Tanaka Growth Fund | 0.55 | 0.60 | 0.69 | 52 | Mid Cap Growth Equities | MXMGX vs TGFRX | |
| Essex Environmental Opportunities Fund | 0.58 | 0.68 | 0.75 | 63 | Mid Cap Growth Equities | MXMGX vs EEOFX | |
| Needham Growth Fund | 0.63 | 0.68 | 0.76 | 92 | Mid Cap Growth Equities | MXMGX vs NEEGX | |
| Timothy Plan Aggressive Growth Fund | 0.64 | 0.71 | 0.80 | 90 | Mid Cap Growth Equities | MXMGX vs TAAGX |
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