Looking to diversify beyond MIEIX? The mutual funds below have the lowest correlation with MIEIX — 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 MIEIX.
Best Diversifiers for MIEIX
12 mutual funds have low correlation with MIEIX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund Class R4 (MCSTX) (Commodities) with a 1Y correlation of 0.00, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund Class R4 | 0.00 | 0.17 | 0.22 | 75 | Commodities | MIEIX vs MCSTX | |
| MFS Commodity Strategy Fund | 0.01 | 0.16 | 0.22 | 72 | Commodities | MIEIX vs MCSFX | |
| MFS Commodity Strategy Fund | 0.01 | 0.17 | 0.22 | 75 | Commodities | MIEIX vs MCSIX | |
| MFS Commodity Strategy Fund | 0.01 | 0.17 | 0.22 | 75 | Commodities | MIEIX vs MCSRX | |
| Invesco Limited Term Municipal Income Fund | 0.26 | 0.20 | 0.19 | 84 | Municipal Bonds | MIEIX vs AITFX |
See all 86 diversifiers for MIEIX
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Diversification Analysis
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