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MFS Massachusetts Investors Growth Stock Fund (MIGFX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks capital appreciation. The fund normally invests at least 80% of the fund's net assets in stocks. Stocks include common stocks and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. The advisor focuses on investing the fund's assets in the stocks of companies its advisor believes to have above average earnings growth potential compared to other companies (growth companies).

Looking to diversify beyond MIGFX? The mutual funds below have the lowest correlation with MIGFX — 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 MIGFX.

Best Diversifiers for MIGFX

18 mutual funds have low correlation with MIGFX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Arkansas Municipal Bond Fund (MFARX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MFARX
MFS Arkansas Municipal Bond Fund0.140.120.11
70
Municipal BondsMIGFX vs MFARX
MMHYX
MFS Municipal High Income Fund0.150.140.13
74
High Yield MuniMIGFX vs MMHYX
MTLFX
MFS Municipal Limited Maturity Fund0.160.130.10
66
Municipal BondsMIGFX vs MTLFX
MIUIX
MFS Municipal Intermediate Fund0.160.130.12
68
Municipal BondsMIGFX vs MIUIX
MFSCX
MFS South Carolina Municipal Bond Fund0.170.140.12
68
Municipal BondsMIGFX vs MFSCX
See all 73 diversifiers for MIGFX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MIGFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MIGFX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.19, down from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
XOM
Exxon Mobil Corporation-0.19-0.010.13
72
Energy
DOW
Dow Inc.0.110.300.39
55
Basic Materials
WAB
Westinghouse Air Brake Technologies Corporation0.490.580.62
78
Industrials

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Diversification Analysis

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