Looking to diversify beyond MIEIX? The mutual funds below have historically moved differently from MIEIX, 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 MIEIX
4 mutual funds have low correlation with MIEIX (below 0.3), 4 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of -0.03, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | -0.03 | 0.12 | 0.20 | 72 | Commodities | MIEIX vs MCSFX | |
| MFS Commodity Strategy Fund Class R4 | -0.02 | 0.13 | 0.21 | 75 | Commodities | MIEIX vs MCSTX | |
| MFS Commodity Strategy Fund | -0.02 | 0.14 | 0.20 | 75 | Commodities | MIEIX vs MCSIX | |
| MFS Commodity Strategy Fund | -0.01 | 0.13 | 0.20 | 76 | Commodities | MIEIX vs MCSRX | |
| Invesco Limited Term Municipal Income Fund | 0.32 | 0.21 | 0.20 | 79 | Municipal Bonds | MIEIX vs AITFX |
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