Looking to diversify beyond MIDLX? The mutual funds below have historically moved differently from MIDLX, 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 MIDLX
0 mutual funds have low correlation with MIDLX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund (MEIKX) (Large Cap Value Equities) with a 1Y correlation of 0.49, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund | 0.49 | 0.52 | 0.61 | 75 | Large Cap Value Equities | MIDLX vs MEIKX | |
| MFS Value Fund | 0.49 | 0.52 | 0.61 | 73 | Large Cap Value Equities | MIDLX vs MEIAX | |
| MFS Total Return Fund | 0.49 | 0.57 | 0.66 | 63 | Diversified Portfolio | MIDLX vs MSFRX | |
| MFS Value Fund Class I | 0.49 | 0.52 | 0.61 | 74 | Large Cap Value Equities | MIDLX vs MEIIX | |
| AMG Yacktman Special Opportunities Fund | 0.56 | 0.61 | 0.68 | 50 | Foreign Small & Mid Cap Equities | MIDLX vs YASLX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MIDLX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.32, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.32 | 0.36 | 0.42 | 90 | Financial Services |
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