Looking to diversify beyond MFALX? The mutual funds below have historically moved differently from MFALX, 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 MFALX
13 mutual funds have low correlation with MFALX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund (MEIKX) (Large Cap Value Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund | 0.19 | 0.14 | 0.10 | 70 | Large Cap Value Equities | MFALX vs MEIKX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.27 | 0.35 | 100 | Municipal Bonds | MFALX vs DFSMX | |
| MFS Value Fund Class I | 0.20 | 0.14 | 0.10 | 69 | Large Cap Value Equities | MFALX vs MEIIX | |
| MFS Value Fund | 0.21 | 0.14 | 0.10 | 67 | Large Cap Value Equities | MFALX vs MEIAX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.24 | 0.21 | 0.19 | 99 | Municipal Bonds | MFALX vs TFCYX |
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