Looking to diversify beyond MDIJX? The mutual funds below have historically moved differently from MDIJX, 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 MDIJX
4 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 0.03, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | 0.03 | 0.18 | 0.24 | 72 | Commodities | MDIJX vs MCSFX | |
| MFS Commodity Strategy Fund Class R4 | 0.04 | 0.20 | 0.25 | 75 | Commodities | MDIJX vs MCSTX | |
| MFS Commodity Strategy Fund | 0.04 | 0.20 | 0.25 | 75 | Commodities | MDIJX vs MCSIX | |
| MFS Commodity Strategy Fund | 0.06 | 0.20 | 0.25 | 76 | Commodities | MDIJX vs MCSRX | |
| MFS California Municipal Bond Fund | 0.31 | 0.23 | 0.21 | 66 | Municipal Bonds | MDIJX vs MCFTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MDIJX, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.06 | 0.08 | 0.17 | 60 | Consumer Defensive | |
| Getty Realty Corp. | 0.10 | 0.22 | 0.28 | 84 | Real Estate | |
| Pathward Financial, Inc. | 0.26 | 0.34 | 0.42 | 65 | Financial Services | |
| NVIDIA Corporation | 0.39 | 0.40 | 0.51 | 61 | Technology |
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