Looking to diversify beyond MFARX? The mutual funds below have historically moved differently from MFARX, 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 MFARX
13 mutual funds have low correlation with MFARX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund (MEIAX) (Large Cap Value Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund | 0.18 | 0.13 | 0.09 | 67 | Large Cap Value Equities | MFARX vs MEIAX | |
| MFS Value Fund Class I | 0.19 | 0.13 | 0.09 | 69 | Large Cap Value Equities | MFARX vs MEIIX | |
| MFS Value Fund | 0.19 | 0.13 | 0.09 | 70 | Large Cap Value Equities | MFARX vs MEIKX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.29 | 0.36 | 98 | Municipal Bonds | MFARX vs USMSX | |
| abrdn Ultra Short Municipal Income Fund | 0.21 | 0.25 | 0.26 | 100 | Municipal Bonds | MFARX vs ATOIX |
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