Looking to diversify beyond MEIAX? The mutual funds below have historically moved differently from MEIAX, 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 MEIAX
27 mutual funds have low correlation with MEIAX (below 0.3), 3 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of -0.01, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | -0.01 | 0.06 | 0.16 | 69 | Commodities | MEIAX vs MCSFX | |
| MFS Commodity Strategy Fund Class R4 | -0.00 | 0.06 | 0.16 | 71 | Commodities | MEIAX vs MCSTX | |
| MFS Commodity Strategy Fund | -0.00 | 0.07 | 0.16 | 73 | Commodities | MEIAX vs MCSIX | |
| MFS Commodity Strategy Fund | 0.01 | 0.07 | 0.16 | 70 | Commodities | MEIAX vs MCSRX | |
| MFS Municipal Limited Maturity Fund | 0.12 | 0.14 | 0.07 | 60 | Municipal Bonds | MEIAX vs MTLFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MEIAX, 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 MetLife, Inc. (MET) (Financial Services) with a 1Y correlation of 0.62, roughly unchanged from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MetLife, Inc. | 0.62 | 0.69 | 0.72 | 78 | Financial Services |
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