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
24 mutual funds have low correlation with MEIIX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Municipal Limited Maturity Fund (MTLFX) (Municipal Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Municipal Limited Maturity Fund | 0.12 | 0.13 | 0.07 | 66 | Municipal Bonds | MEIIX vs MTLFX | |
| MFS Municipal High Income Fund | 0.13 | 0.14 | 0.10 | 74 | High Yield Muni | MEIIX vs MMHYX | |
| MFS Massachusetts Municipal Bond Fund | 0.14 | 0.14 | 0.10 | 74 | Municipal Bonds | MEIIX vs MFSSX | |
| MFS South Carolina Municipal Bond Fund | 0.14 | 0.12 | 0.09 | 68 | Municipal Bonds | MEIIX vs MFSCX | |
| MFS West Virginia Municipal Bond Fund | 0.15 | 0.12 | 0.08 | 73 | Municipal Bonds | MEIIX vs MFWVX |
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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 0.18, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.18 | 0.34 | 0.45 | 74 | Consumer Defensive | |
| Amazon.com, Inc | 0.20 | 0.25 | 0.38 | 54 | Consumer Cyclical | |
| Verizon Communications Inc. | 0.21 | 0.30 | 0.36 | 66 | Communication Services | |
| Applied Materials, Inc. | 0.25 | 0.32 | 0.42 | 97 | Technology | |
| Johnson & Johnson | 0.28 | 0.39 | 0.44 | 96 | Healthcare |
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