Looking to diversify beyond MEIKX? The mutual funds below have the lowest correlation with MEIKX — 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 MEIKX.
Best Diversifiers for MEIKX
22 mutual funds have low correlation with MEIKX (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 | 67 | Municipal Bonds | MEIKX vs MTLFX | |
| MFS Municipal High Income Fund | 0.13 | 0.14 | 0.10 | 76 | High Yield Muni | MEIKX vs MMHYX | |
| MFS Massachusetts Municipal Bond Fund | 0.14 | 0.14 | 0.10 | 75 | Municipal Bonds | MEIKX vs MFSSX | |
| MFS South Carolina Municipal Bond Fund | 0.14 | 0.12 | 0.09 | 69 | Municipal Bonds | MEIKX vs MFSCX | |
| MFS West Virginia Municipal Bond Fund | 0.15 | 0.12 | 0.08 | 72 | Municipal Bonds | MEIKX vs MFWVX |
See all 81 diversifiers for MEIKX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MEIKX
Add MEIKX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MEIKX