Looking to diversify beyond MFEKX? The mutual funds below have the lowest correlation with MFEKX — 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 MFEKX.
Best Diversifiers for MFEKX
22 mutual funds have low correlation with MFEKX (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 -0.01, 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 | -0.01 | 0.06 | 0.11 | 55 | Commodities | MFEKX vs MCSTX | |
| MFS Commodity Strategy Fund | -0.01 | 0.06 | 0.10 | 54 | Commodities | MFEKX vs MCSIX | |
| MFS Commodity Strategy Fund | -0.01 | 0.06 | 0.10 | 55 | Commodities | MFEKX vs MCSRX | |
| MFS Municipal High Income Fund | 0.11 | 0.08 | 0.10 | 86 | High Yield Muni | MFEKX vs MMHYX | |
| MFS Arkansas Municipal Bond Fund | 0.11 | 0.07 | 0.08 | 79 | Municipal Bonds | MFEKX vs MFARX |
See all 84 diversifiers for MFEKX
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