Looking to diversify beyond MFWVX? The mutual funds below have historically moved differently from MFWVX, 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 MFWVX
12 mutual funds have low correlation with MFWVX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund Class I (MEIIX) (Large Cap Value Equities) with a 1Y correlation of 0.18, 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 Value Fund Class I | 0.18 | 0.13 | 0.09 | 69 | Large Cap Value Equities | MFWVX vs MEIIX | |
| MFS Value Fund | 0.18 | 0.13 | 0.09 | 67 | Large Cap Value Equities | MFWVX vs MEIAX | |
| MFS Value Fund | 0.18 | 0.13 | 0.09 | 70 | Large Cap Value Equities | MFWVX vs MEIKX | |
| DFA Short Term Municipal Bond Portfolio | 0.22 | 0.27 | 0.35 | 100 | Municipal Bonds | MFWVX vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.23 | 0.21 | 0.21 | 99 | Municipal Bonds | MFWVX vs TFCYX |
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