Looking to diversify beyond MCFTX? The mutual funds below have historically moved differently from MCFTX, 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 MCFTX
19 mutual funds have low correlation with MCFTX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund (MEIAX) (Large Cap Value Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund | 0.14 | 0.15 | 0.12 | 78 | Large Cap Value Equities | MCFTX vs MEIAX | |
| MFS Value Fund Class I | 0.15 | 0.15 | 0.12 | 79 | Large Cap Value Equities | MCFTX vs MEIIX | |
| MFS Value Fund | 0.15 | 0.15 | 0.12 | 79 | Large Cap Value Equities | MCFTX vs MEIKX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.27 | — | 99 | Municipal Bonds | MCFTX vs DFABX | |
| American Funds Fundamental Investors Class A | 0.21 | 0.16 | 0.14 | 74 | Large Cap Blend Equities, Actively Managed | MCFTX vs ANCFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MCFTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.12, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.12 | 0.10 | 0.09 | 54 | Financial Services |
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