Looking to diversify beyond MEIIX? The mutual funds below have the lowest correlation with MEIIX — 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 MEIIX.
Best Diversifiers for MEIIX
34 mutual funds have low correlation with MEIIX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.12, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.12 | 0.06 | 0.17 | 79 | Commodities | MEIIX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.07 | 0.04 | 0.16 | 78 | Commodities | MEIIX vs PCLIX | |
| MFS Commodity Strategy Fund | 0.01 | 0.10 | 0.18 | 77 | Commodities | MEIIX vs MCSFX | |
| MFS Commodity Strategy Fund | 0.03 | 0.12 | 0.18 | 80 | Commodities | MEIIX vs MCSRX | |
| MFS Commodity Strategy Fund | 0.03 | 0.11 | 0.18 | 79 | Commodities | MEIIX vs MCSIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MEIIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MEIIX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.23, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.23 | 0.36 | 0.47 | 63 | Consumer Defensive | |
| Verizon Communications Inc. | 0.24 | 0.30 | 0.36 | 62 | Communication Services | |
| Applied Materials, Inc. | 0.26 | 0.33 | 0.43 | 97 | Technology | |
| Johnson & Johnson | 0.28 | 0.39 | 0.44 | 92 | Healthcare | |
| The Toronto-Dominion Bank | 0.54 | 0.56 | 0.62 | 98 | Financial Services |
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