Looking to diversify beyond MFSCX? The mutual funds below have historically moved differently from MFSCX, 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 MFSCX
15 mutual funds have low correlation with MFSCX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.00, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.00 | 0.16 | 0.22 | 91 | Municipal Bonds | MFSCX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.18 | 0.22 | 94 | Municipal Bonds | MFSCX vs DMREX | |
| MFS Value Fund | 0.14 | 0.12 | 0.09 | 67 | Large Cap Value Equities | MFSCX vs MEIAX | |
| MFS Value Fund Class I | 0.16 | 0.13 | 0.09 | 69 | Large Cap Value Equities | MFSCX vs MEIIX | |
| MFS Value Fund | 0.16 | 0.13 | 0.09 | 70 | Large Cap Value Equities | MFSCX vs MEIKX |
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