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MFS Growth Allocation Fund (MGWIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 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

1 mutual funds have low correlation with MGWIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.08, down from 0.52 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.080.180.52
67
Diversified PortfolioMGWIX vs MHELX
FSRRX
Fidelity Strategic Real Return Fund0.450.630.67
87
Diversified PortfolioMGWIX vs FSRRX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.460.620.66
86
Diversified PortfolioMGWIX vs FSIRX
FSRKX
Fidelity Strategic Real Return Fund Class K60.470.620.66
88
Diversified PortfolioMGWIX vs FSRKX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.470.620.66
82
Diversified PortfolioMGWIX vs FCSRX
See all 26 diversifiers for MGWIX

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Diversification Analysis

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