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
18 mutual funds have low correlation with MFEIX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Municipal High Income Fund (MMHYX) (High Yield Muni) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Municipal High Income Fund | 0.09 | 0.07 | 0.09 | 76 | High Yield Muni | MFEIX vs MMHYX | |
| MFS Arkansas Municipal Bond Fund | 0.10 | 0.06 | 0.08 | 70 | Municipal Bonds | MFEIX vs MFARX | |
| MFS Municipal Intermediate Fund | 0.11 | 0.07 | 0.09 | 69 | Municipal Bonds | MFEIX vs MIUIX | |
| MFS Mississippi Municipal Bond Fund | 0.12 | 0.07 | 0.10 | 70 | Municipal Bonds | MFEIX vs MISSX | |
| MFS South Carolina Municipal Bond Fund | 0.13 | 0.08 | 0.09 | 69 | Municipal Bonds | MFEIX vs MFSCX |
See all 71 diversifiers for MFEIX
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