Looking to diversify beyond MLTIX? The mutual funds below have historically moved differently from MLTIX, 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 MLTIX
0 mutual funds have low correlation with MLTIX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund (MEIKX) (Large Cap Value Equities) with a 1Y correlation of 0.67, down from 0.81 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund | 0.67 | 0.73 | 0.81 | 70 | Large Cap Value Equities | MLTIX vs MEIKX | |
| MFS Value Fund | 0.67 | 0.73 | 0.81 | 67 | Large Cap Value Equities | MLTIX vs MEIAX | |
| MFS Value Fund Class I | 0.67 | 0.73 | 0.81 | 69 | Large Cap Value Equities | MLTIX vs MEIIX | |
| Voya Target Retirement 2040 Fund | 0.83 | 0.90 | 0.93 | 75 | Target Retirement Date | MLTIX vs IRSOX | |
| MFS International Intrinsic Value Fund Class I | 0.84 | 0.81 | 0.84 | 51 | Large Cap Growth Equities, Foreign Large Cap Equities | MLTIX vs MINIX |
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