Looking to diversify beyond MEIKX? The mutual funds below have historically moved differently from MEIKX, 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 MEIKX
28 mutual funds have low correlation with MEIKX (below 0.3), 3 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of -0.00, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | -0.00 | 0.06 | 0.16 | 69 | Commodities | MEIKX vs MCSFX | |
| MFS Commodity Strategy Fund Class R4 | -0.00 | 0.06 | 0.16 | 71 | Commodities | MEIKX vs MCSTX | |
| MFS Commodity Strategy Fund | -0.00 | 0.07 | 0.16 | 73 | Commodities | MEIKX vs MCSIX | |
| MFS Commodity Strategy Fund | 0.02 | 0.07 | 0.16 | 70 | Commodities | MEIKX vs MCSRX | |
| MFS Municipal Limited Maturity Fund | 0.12 | 0.14 | 0.07 | 60 | Municipal Bonds | MEIKX vs MTLFX |
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