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
18 mutual funds have low correlation with MFEKX (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 0.08, 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 | 0.08 | 0.07 | 0.09 | 76 | High Yield Muni | MFEKX vs MMHYX | |
| MFS Arkansas Municipal Bond Fund | 0.09 | 0.06 | 0.08 | 70 | Municipal Bonds | MFEKX vs MFARX | |
| MFS Municipal Intermediate Fund | 0.11 | 0.07 | 0.09 | 69 | Municipal Bonds | MFEKX vs MIUIX | |
| MFS Mississippi Municipal Bond Fund | 0.12 | 0.07 | 0.10 | 70 | Municipal Bonds | MFEKX vs MISSX | |
| MFS South Carolina Municipal Bond Fund | 0.13 | 0.08 | 0.10 | 69 | Municipal Bonds | MFEKX vs MFSCX |
See all 84 diversifiers for MFEKX
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