Looking to diversify beyond MEIAX? The mutual funds below have the lowest correlation with MEIAX — 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 MEIAX.
Best Diversifiers for MEIAX
26 mutual funds have low correlation with MEIAX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSRX) (Commodities) with a 1Y correlation of 0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | 0.04 | 0.09 | 0.17 | 55 | Commodities | MEIAX vs MCSRX | |
| MFS Commodity Strategy Fund Class R4 | 0.04 | 0.09 | 0.18 | 55 | Commodities | MEIAX vs MCSTX | |
| MFS Commodity Strategy Fund | 0.05 | 0.09 | 0.18 | 54 | Commodities | MEIAX vs MCSIX | |
| MFS Municipal Limited Maturity Fund | 0.11 | 0.14 | 0.07 | 67 | Municipal Bonds | MEIAX vs MTLFX | |
| MFS South Carolina Municipal Bond Fund | 0.12 | 0.13 | 0.09 | 77 | Municipal Bonds | MEIAX vs MFSCX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MEIAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MEIAX and solid risk/return profiles. The least correlated is MetLife, Inc. (MET) (Financial Services) with a 1Y correlation of 0.64, roughly unchanged from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MetLife, Inc. | 0.64 | 0.69 | 0.72 | 71 | Financial Services |
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