Looking to diversify beyond MCSTX? The mutual funds below have the lowest correlation with MCSTX — 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 MCSTX.
Best Diversifiers for MCSTX
2 mutual funds have low correlation with MCSTX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund Class I (MEIIX) (Large Cap Value Equities) with a 1Y correlation of 0.04, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund Class I | 0.04 | 0.08 | 0.18 | 52 | Large Cap Value Equities | MCSTX vs MEIIX | |
| MFS Value Fund | 0.04 | 0.08 | 0.18 | 53 | Large Cap Value Equities | MCSTX vs MEIKX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.61 | 0.60 | 0.60 | 75 | Commodities | MCSTX vs FFGIX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.61 | 0.60 | 0.60 | 75 | Commodities | MCSTX vs FFGAX | |
| Fidelity Global Commodity Stock Fund | 0.61 | 0.60 | 0.60 | 77 | Commodities | MCSTX vs FFGCX |
See all 23 diversifiers for MCSTX
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