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MFS International Diversification Fund (MDIJX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 25, 2026

The fund is designed to provide diversification within the international asset class by investing the majority of its assets in other mutual funds advised by the adviser, referred to as underlying funds. The adviser seeks to diversify the fund's investments in terms of market capitalization (by including large, mid, and/or small cap underlying funds), by style (by including both growth and value underlying funds), and by geography (by including developed and emerging market underlying funds).

Looking to diversify beyond MDIJX? The mutual funds below have the lowest correlation with MDIJX — 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 MDIJX.

Best Diversifiers for MDIJX

5 mutual funds have low correlation with MDIJX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Pennsylvania Municipal Bond Fund (MFPAX) (Municipal Bonds) with a 1Y correlation of 0.29, up from 0.18 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MFPAX
MFS Pennsylvania Municipal Bond Fund0.290.220.18
74
Municipal BondsMDIJX vs MFPAX
MISSX
MFS Mississippi Municipal Bond Fund0.300.230.20
72
Municipal BondsMDIJX vs MISSX
MSNYX
MFS New York Municipal Bond Fund0.300.220.19
70
Municipal BondsMDIJX vs MSNYX
MIUIX
MFS Municipal Intermediate Fund0.300.210.18
70
Municipal BondsMDIJX vs MIUIX
MFARX
MFS Arkansas Municipal Bond Fund0.300.210.18
73
Municipal BondsMDIJX vs MFARX
See all 68 diversifiers for MDIJX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MDIJX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MDIJX and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.19 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
WMT
Walmart Inc.-0.040.110.19
70
Consumer Defensive
GTY
Getty Realty Corp.0.130.230.29
78
Real Estate
CASH
Meta Financial Group, Inc.0.300.360.43
56
Financial Services
NVDA
NVIDIA Corporation0.370.410.50
70
Technology

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Diversification Analysis

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