Looking to diversify beyond MFEIX? The mutual funds below have the lowest correlation with MFEIX — 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 MFEIX.
Best Diversifiers for MFEIX
22 mutual funds have low correlation with MFEIX (below 0.3), 3 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund Class R4 (MCSTX) (Commodities) with a 1Y correlation of -0.02, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund Class R4 | -0.02 | 0.06 | 0.11 | 52 | Commodities | MFEIX vs MCSTX | |
| MFS Commodity Strategy Fund | -0.01 | 0.06 | 0.10 | 51 | Commodities | MFEIX vs MCSIX | |
| MFS Commodity Strategy Fund | -0.01 | 0.06 | 0.10 | 53 | Commodities | MFEIX vs MCSRX | |
| MFS Municipal High Income Fund | 0.11 | 0.08 | 0.10 | 87 | High Yield Muni | MFEIX vs MMHYX | |
| MFS Arkansas Municipal Bond Fund | 0.12 | 0.07 | 0.09 | 79 | Municipal Bonds | MFEIX vs MFARX |
See all 72 diversifiers for MFEIX
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Diversification Analysis
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