Looking to diversify beyond MFFIX? The mutual funds below have historically moved differently from MFFIX, 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 MFFIX
0 mutual funds have low correlation with MFFIX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund (MEIKX) (Large Cap Value Equities) with a 1Y correlation of 0.69, down from 0.84 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund | 0.69 | 0.77 | 0.84 | 70 | Large Cap Value Equities | MFFIX vs MEIKX | |
| MFS Value Fund | 0.69 | 0.77 | 0.84 | 67 | Large Cap Value Equities | MFFIX vs MEIAX | |
| MFS Value Fund Class I | 0.69 | 0.77 | 0.84 | 69 | Large Cap Value Equities | MFFIX vs MEIIX | |
| Dimensional Retirement Income Fund | 0.80 | 0.77 | 0.74 | 81 | Target Retirement Date | MFFIX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.82 | 0.82 | 0.82 | 70 | Target Retirement Date | MFFIX vs ISOLX |
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