Looking to diversify beyond MINIX? The mutual funds below have historically moved differently from MINIX, 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 MINIX
6 mutual funds have low correlation with MINIX (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 0.08, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund Class R4 | 0.08 | 0.21 | 0.23 | 71 | Commodities | MINIX vs MCSTX | |
| MFS Commodity Strategy Fund | 0.08 | 0.22 | 0.23 | 73 | Commodities | MINIX vs MCSIX | |
| MFS Commodity Strategy Fund | 0.09 | 0.20 | 0.23 | 69 | Commodities | MINIX vs MCSFX | |
| MFS Commodity Strategy Fund | 0.09 | 0.21 | 0.23 | 70 | Commodities | MINIX vs MCSRX | |
| MFS Municipal Limited Maturity Fund | 0.29 | 0.18 | 0.15 | 60 | Municipal Bonds | MINIX vs MTLFX |
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