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
25 mutual funds have low correlation with MEIKX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSIX) (Commodities) with a 1Y correlation of 0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | 0.04 | 0.09 | 0.17 | 51 | Commodities | MEIKX vs MCSIX | |
| MFS Commodity Strategy Fund Class R4 | 0.04 | 0.08 | 0.18 | 52 | Commodities | MEIKX vs MCSTX | |
| MFS Commodity Strategy Fund | 0.05 | 0.09 | 0.18 | 53 | Commodities | MEIKX vs MCSRX | |
| MFS Municipal Limited Maturity Fund | 0.11 | 0.14 | 0.07 | 67 | Municipal Bonds | MEIKX vs MTLFX | |
| MFS South Carolina Municipal Bond Fund | 0.13 | 0.13 | 0.09 | 79 | Municipal Bonds | MEIKX vs MFSCX |
See all 89 diversifiers for MEIKX
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