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MFS Growth Allocation Fund (MGWIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The investment seeks a high level of total return consistent with a greater than moderate level of risk relative to the other MFS Asset Allocation Funds. The fund is designed to provide diversification among different asset classes by investing its assets in other mutual funds advised by the adviser, referred to as underlying funds. Within the stock fund allocations, the adviser seeks to diversify by geography (by including domestic and international underlying funds), in terms of market capitalization (by including large, mid, and small capitalization underlying funds), and by style (by including both growth and value underlying funds).

Looking to diversify beyond MGWIX? The mutual funds below have the lowest correlation with MGWIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MGWIX.

Best Diversifiers for MGWIX

2 mutual funds have low correlation with MGWIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.09, down from 0.16 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SIFAX
SEI Institutional Managed Trust Multi-Asset Inflat...-0.090.050.16
60
Diversified PortfolioMGWIX vs SIFAX
MHELX
MH Elite Small Cap Fund of Funds Fund0.050.160.51
67
Diversified PortfolioMGWIX vs MHELX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.470.610.66
86
Diversified PortfolioMGWIX vs FCSRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.480.610.66
91
Diversified PortfolioMGWIX vs FIQDX
STDAX
SEI Asset Allocation Trust Defensive Strategy Allo...0.480.420.46
99
Diversified PortfolioMGWIX vs STDAX
See all 34 diversifiers for MGWIX

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Diversification Analysis

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