Looking to diversify beyond MFBFX? The mutual funds below have historically moved differently from MFBFX, 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 MFBFX
3 mutual funds have low correlation with MFBFX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund Class I (MEIIX) (Large Cap Value Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund Class I | 0.28 | 0.26 | 0.23 | 74 | Large Cap Value Equities | MFBFX vs MEIIX | |
| MFS Value Fund | 0.28 | 0.26 | 0.23 | 73 | Large Cap Value Equities | MFBFX vs MEIAX | |
| MFS Value Fund | 0.28 | 0.26 | 0.23 | 75 | Large Cap Value Equities | MFBFX vs MEIKX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.41 | 0.28 | 0.25 | 59 | Large Cap Blend Equities | MFBFX vs VTSAX | |
| Miller Intermediate Bond Fund | 0.44 | 0.34 | 0.31 | 96 | Corporate Bonds | MFBFX vs MIFIX |
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