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
11 mutual funds have low correlation with MDIJX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of 0.06, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | 0.06 | 0.22 | 0.26 | 72 | Commodities | MDIJX vs MCSFX | |
| MFS Commodity Strategy Fund Class R4 | 0.07 | 0.24 | 0.27 | 75 | Commodities | MDIJX vs MCSTX | |
| MFS Commodity Strategy Fund | 0.08 | 0.24 | 0.27 | 75 | Commodities | MDIJX vs MCSIX | |
| MFS Commodity Strategy Fund | 0.08 | 0.23 | 0.27 | 75 | Commodities | MDIJX vs MCSRX | |
| MFS Limited Maturity Fund | 0.27 | 0.20 | 0.18 | 58 | Short-Term Bond | MDIJX vs MQLFX |
To view more results, upgrade your current subscription plan.
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 -0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.01 | 0.13 | 0.20 | 63 | Consumer Defensive | |
| Getty Realty Corp. | 0.13 | 0.23 | 0.30 | 69 | Real Estate | |
| Oracle Corporation | 0.23 | 0.36 | 0.43 | 58 | Technology | |
| NVIDIA Corporation | 0.35 | 0.40 | 0.50 | 78 | Technology |
Build a portfolio that complements MDIJX
Add MDIJX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MDIJX