Looking to diversify beyond MEIIX? The mutual funds below have historically moved differently from MEIIX, 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 MEIIX
34 mutual funds have low correlation with MEIIX (below 0.3), 5 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.13, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.13 | 0.01 | 0.15 | 79 | Commodities | MEIIX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.09 | -0.00 | 0.13 | 72 | Commodities | MEIIX vs PCLIX | |
| MFS Commodity Strategy Fund | -0.01 | 0.06 | 0.16 | 69 | Commodities | MEIIX vs MCSFX | |
| MFS Commodity Strategy Fund Class R4 | -0.00 | 0.06 | 0.16 | 71 | Commodities | MEIIX vs MCSTX | |
| MFS Commodity Strategy Fund | -0.00 | 0.06 | 0.16 | 73 | Commodities | MEIIX vs MCSIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MEIIX, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.17, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.17 | 0.34 | 0.45 | 90 | Consumer Defensive | |
| Amazon.com, Inc | 0.20 | 0.25 | 0.39 | 60 | Consumer Cyclical | |
| Verizon Communications Inc. | 0.20 | 0.31 | 0.35 | 66 | Communication Services | |
| AbbVie Inc. | 0.21 | 0.37 | 0.37 | 81 | Healthcare | |
| Johnson & Johnson | 0.25 | 0.39 | 0.43 | 97 | Healthcare |
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