Looking to diversify beyond MIGFX? The mutual funds below have historically moved differently from MIGFX, 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 MIGFX
21 mutual funds have low correlation with MIGFX (below 0.3), 4 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of -0.08, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | -0.08 | 0.01 | 0.09 | 72 | Commodities | MIGFX vs MCSFX | |
| MFS Commodity Strategy Fund Class R4 | -0.07 | 0.02 | 0.10 | 75 | Commodities | MIGFX vs MCSTX | |
| MFS Commodity Strategy Fund | -0.06 | 0.03 | 0.10 | 76 | Commodities | MIGFX vs MCSRX | |
| MFS Commodity Strategy Fund | -0.05 | 0.03 | 0.10 | 75 | Commodities | MIGFX vs MCSIX | |
| MFS Arkansas Municipal Bond Fund | 0.20 | 0.13 | 0.12 | 73 | Municipal Bonds | MIGFX vs MFARX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MIGFX, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.24, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.24 | -0.03 | 0.11 | 85 | Energy | |
| Dow Inc. | 0.02 | 0.28 | 0.37 | 73 | Basic Materials | |
| Corteva, Inc. | 0.06 | 0.26 | 0.33 | 52 | Basic Materials | |
| Berkshire Hathaway Inc. | 0.11 | 0.34 | 0.48 | 61 | Financial Services | |
| The Chemours Company | 0.29 | 0.39 | 0.45 | 69 | Basic Materials |
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