Looking to diversify beyond MCVIX? The mutual funds below have historically moved differently from MCVIX, 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 MCVIX
0 mutual funds have low correlation with MCVIX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS International Diversification Fund (MDIJX) (Foreign Large Cap Equities) with a 1Y correlation of 0.64, roughly unchanged from 0.71 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS International Diversification Fund | 0.64 | 0.65 | 0.71 | 61 | Foreign Large Cap Equities | MCVIX vs MDIJX | |
| MFS International Intrinsic Value Fund Class I | 0.66 | 0.66 | 0.69 | 51 | Large Cap Growth Equities, Foreign Large Cap Equities | MCVIX vs MINIX | |
| Invesco Value Opportunities Fund Class Y | 0.71 | 0.80 | 0.87 | 74 | Mid Cap Value Equities | MCVIX vs VVOIX | |
| Invesco V.I. American Value Fund | 0.71 | 0.80 | 0.87 | 72 | Mid Cap Value Equities | MCVIX vs UMCVX | |
| Invesco Value Opportunities Fund | 0.72 | 0.81 | 0.87 | 74 | Mid Cap Value Equities | MCVIX vs VVOAX |
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