Looking to diversify beyond MFEIX? The mutual funds below have historically moved differently from MFEIX, 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 MFEIX
25 mutual funds have low correlation with MFEIX (below 0.3), 3 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of -0.01, 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 Commodity Strategy Fund | -0.01 | 0.04 | 0.09 | 69 | Commodities | MFEIX vs MCSFX | |
| MFS Commodity Strategy Fund Class R4 | -0.01 | 0.05 | 0.10 | 71 | Commodities | MFEIX vs MCSTX | |
| MFS Commodity Strategy Fund | -0.00 | 0.05 | 0.10 | 73 | Commodities | MFEIX vs MCSIX | |
| MFS Commodity Strategy Fund | 0.01 | 0.06 | 0.10 | 70 | Commodities | MFEIX vs MCSRX | |
| MFS Municipal High Income Fund | 0.12 | 0.08 | 0.10 | 90 | High Yield Muni | MFEIX vs MMHYX |
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