Looking to diversify beyond MISSX? The mutual funds below have historically moved differently from MISSX, 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 MISSX
13 mutual funds have low correlation with MISSX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund Class I (MEIIX) (Large Cap Value Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund Class I | 0.19 | 0.16 | 0.13 | 69 | Large Cap Value Equities | MISSX vs MEIIX | |
| MFS Value Fund | 0.19 | 0.16 | 0.13 | 67 | Large Cap Value Equities | MISSX vs MEIAX | |
| MFS Value Fund | 0.20 | 0.16 | 0.13 | 70 | Large Cap Value Equities | MISSX vs MEIKX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.30 | 0.38 | 98 | Municipal Bonds | MISSX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.22 | 0.27 | 0.35 | 100 | Municipal Bonds | MISSX vs DFSMX |
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