Looking to diversify beyond MEIFX? The mutual funds below have the lowest correlation with MEIFX — 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 MEIFX.
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 One Rock Fund (ONERX) (Large Cap Growth Equities) with a 1Y correlation of 0.31, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| One Rock Fund | 0.31 | 0.44 | 0.61 | 89 | Large Cap Growth Equities | MEIFX vs ONERX | |
| Columbia Global Technology Growth Fund Class A | 0.33 | 0.46 | 0.64 | 78 | Technology Equities, Large Cap Growth Equities | MEIFX vs CTCAX | |
| Alger Large Cap Growth Portfolio Fund | 0.34 | 0.46 | 0.64 | 51 | Large Cap Growth Equities | MEIFX vs AAGOX | |
| Fidelity OTC Portfolio | 0.34 | 0.45 | 0.64 | 90 | Large Cap Growth Equities | MEIFX vs FOCPX | |
| Fidelity OTC Portfolio Class K | 0.34 | 0.45 | 0.64 | 90 | Large Cap Growth Equities | MEIFX vs FOCKX |
See all 74 diversifiers for MEIFX
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