Looking to diversify beyond MITTX? The mutual funds below have the lowest correlation with MITTX — 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 MITTX.
Best Diversifiers for MITTX
18 mutual funds have low correlation with MITTX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Municipal High Income Fund (MMHYX) (High Yield Muni) with a 1Y correlation of 0.13, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Municipal High Income Fund | 0.13 | 0.14 | 0.11 | 76 | High Yield Muni | MITTX vs MMHYX | |
| MFS Municipal Intermediate Fund | 0.15 | 0.12 | 0.10 | 69 | Municipal Bonds | MITTX vs MIUIX | |
| MFS Arkansas Municipal Bond Fund | 0.15 | 0.12 | 0.10 | 70 | Municipal Bonds | MITTX vs MFARX | |
| MFS Municipal Limited Maturity Fund | 0.16 | 0.13 | 0.08 | 67 | Municipal Bonds | MITTX vs MTLFX | |
| MFS South Carolina Municipal Bond Fund | 0.17 | 0.13 | 0.11 | 69 | Municipal Bonds | MITTX vs MFSCX |
See all 80 diversifiers for MITTX
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