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
22 mutual funds have low correlation with MEIAX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Municipal Limited Maturity Fund (MTLFX) (Municipal Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Municipal Limited Maturity Fund | 0.12 | 0.13 | 0.07 | 67 | Municipal Bonds | MEIAX vs MTLFX | |
| MFS Municipal High Income Fund | 0.13 | 0.14 | 0.10 | 76 | High Yield Muni | MEIAX vs MMHYX | |
| MFS Massachusetts Municipal Bond Fund | 0.14 | 0.14 | 0.10 | 75 | Municipal Bonds | MEIAX vs MFSSX | |
| MFS South Carolina Municipal Bond Fund | 0.14 | 0.12 | 0.09 | 69 | Municipal Bonds | MEIAX vs MFSCX | |
| MFS West Virginia Municipal Bond Fund | 0.14 | 0.12 | 0.08 | 72 | Municipal Bonds | MEIAX vs MFWVX |
See all 80 diversifiers for MEIAX
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