Looking to diversify beyond MMHYX? The mutual funds below have historically moved differently from MMHYX, 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 MMHYX
3 mutual funds have low correlation with MMHYX (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 0.15, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund | 0.15 | 0.15 | 0.10 | 70 | Large Cap Value Equities | MMHYX vs MEIKX | |
| MFS Value Fund | 0.15 | 0.15 | 0.10 | 67 | Large Cap Value Equities | MMHYX vs MEIAX | |
| MFS Value Fund Class I | 0.16 | 0.15 | 0.10 | 69 | Large Cap Value Equities | MMHYX vs MEIIX | |
| MFS International Intrinsic Value Fund Class I | 0.32 | 0.21 | 0.19 | 51 | Large Cap Growth Equities, Foreign Large Cap Equities | MMHYX vs MINIX | |
| MFS International Diversification Fund | 0.34 | 0.23 | 0.20 | 61 | Foreign Large Cap Equities | MMHYX vs MDIJX |
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