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
22 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 -0.06, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | -0.06 | 0.04 | 0.11 | 72 | Commodities | MIGFX vs MCSFX | |
| MFS Commodity Strategy Fund Class R4 | -0.06 | 0.05 | 0.12 | 75 | Commodities | MIGFX vs MCSTX | |
| MFS Commodity Strategy Fund | -0.05 | 0.06 | 0.12 | 75 | Commodities | MIGFX vs MCSIX | |
| MFS Commodity Strategy Fund | -0.04 | 0.06 | 0.12 | 75 | Commodities | MIGFX vs MCSRX | |
| MFS Municipal High Income Fund | 0.10 | 0.14 | 0.12 | 72 | High Yield Muni | MIGFX vs MMHYX |
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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 -0.16, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.16 | 0.00 | 0.14 | 85 | Energy | |
| Corteva, Inc. | 0.11 | 0.27 | 0.34 | 51 | Basic Materials | |
| Dow Inc. | 0.18 | 0.32 | 0.40 | 60 | Basic Materials | |
| International Business Machines Corporation | 0.32 | 0.41 | 0.43 | 53 | Technology | |
| Westinghouse Air Brake Technologies Corporation | 0.48 | 0.57 | 0.61 | 74 | Industrials |
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