Looking to diversify beyond MEIFX? The mutual funds below have historically moved differently from MEIFX, 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 MEIFX
0 mutual funds have low correlation with MEIFX (below 0.3), 0 of which are negatively correlated. The least correlated is American Growth Fund Series One (AMRGX) (Large Cap Growth Equities) with a 1Y correlation of 0.30, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Growth Fund Series One | 0.30 | 0.48 | 0.62 | 55 | Large Cap Growth Equities | MEIFX vs AMRGX | |
| Fidelity OTC Portfolio | 0.35 | 0.44 | 0.63 | 72 | Large Cap Growth Equities | MEIFX vs FOCPX | |
| Fidelity OTC Portfolio Class K | 0.35 | 0.44 | 0.63 | 72 | Large Cap Growth Equities | MEIFX vs FOCKX | |
| Fidelity OTC K6 Portfolio | 0.35 | 0.44 | 0.63 | 59 | Large Cap Growth Equities | MEIFX vs FOKFX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.35 | 0.45 | 0.57 | 63 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | MEIFX vs QQQX |
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