Looking to diversify beyond MTCIX? The mutual funds below have historically moved differently from MTCIX, 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 MTCIX
3 mutual funds have low correlation with MTCIX (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 0.23, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund | 0.23 | 0.35 | 0.53 | 70 | Large Cap Value Equities | MTCIX vs MEIKX | |
| MFS Value Fund Class I | 0.23 | 0.35 | 0.53 | 69 | Large Cap Value Equities | MTCIX vs MEIIX | |
| MFS Value Fund | 0.24 | 0.36 | 0.53 | 67 | Large Cap Value Equities | MTCIX vs MEIAX | |
| Fidelity Equity-Income Fund | 0.38 | 0.46 | 0.58 | 90 | Large Cap Value Equities | MTCIX vs FEQIX | |
| DFA U.S. Targeted Value Portfolio Institutional Cl... | 0.40 | 0.47 | 0.57 | 84 | Small Cap Value Equities | MTCIX vs DFFVX |
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