Looking to diversify beyond MRBIX? The mutual funds below have historically moved differently from MRBIX, 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 MRBIX
3 mutual funds have low correlation with MRBIX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund (MEIAX) (Large Cap Value Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund | 0.26 | 0.24 | 0.19 | 73 | Large Cap Value Equities | MRBIX vs MEIAX | |
| MFS Value Fund Class I | 0.26 | 0.24 | 0.19 | 74 | Large Cap Value Equities | MRBIX vs MEIIX | |
| MFS Value Fund | 0.26 | 0.24 | 0.19 | 75 | Large Cap Value Equities | MRBIX vs MEIKX | |
| MFS International Diversification Fund | 0.42 | 0.29 | 0.27 | 57 | Foreign Large Cap Equities | MRBIX vs MDIJX | |
| Holbrook Income Fund Class I | 0.50 | 0.39 | 0.43 | 98 | Intermediate Core-Plus Bond | MRBIX vs HOBIX |
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