Looking to diversify beyond MFSMX? The mutual funds below have historically moved differently from MFSMX, 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 MFSMX
14 mutual funds have low correlation with MFSMX (below 0.3), 2 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 | 0.17 | 0.22 | 91 | Municipal Bonds | MFSMX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.00 | 0.19 | 0.23 | 94 | Municipal Bonds | MFSMX vs DMREX | |
| MFS Value Fund | 0.17 | 0.12 | 0.08 | 67 | Large Cap Value Equities | MFSMX vs MEIAX | |
| MFS Value Fund Class I | 0.17 | 0.12 | 0.08 | 69 | Large Cap Value Equities | MFSMX vs MEIIX | |
| MFS Value Fund | 0.17 | 0.13 | 0.08 | 70 | Large Cap Value Equities | MFSMX vs MEIKX |
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