Looking to diversify beyond MFEKX? The mutual funds below have historically moved differently from MFEKX, 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 MFEKX
24 mutual funds have low correlation with MFEKX (below 0.3), 1 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 | MFEKX vs MCSFX | |
| MFS Commodity Strategy Fund Class R4 | 0.00 | 0.05 | 0.10 | 71 | Commodities | MFEKX vs MCSTX | |
| MFS Commodity Strategy Fund | 0.00 | 0.06 | 0.10 | 73 | Commodities | MFEKX vs MCSIX | |
| MFS Commodity Strategy Fund | 0.01 | 0.06 | 0.10 | 70 | Commodities | MFEKX vs MCSRX | |
| MFS Arkansas Municipal Bond Fund | 0.12 | 0.06 | 0.09 | 81 | Municipal Bonds | MFEKX vs MFARX |
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