Looking to diversify beyond MWNIX? The mutual funds below have historically moved differently from MWNIX, 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 MWNIX
0 mutual funds have low correlation with MWNIX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund Class I (MEIIX) (Large Cap Value Equities) with a 1Y correlation of 0.48, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund Class I | 0.48 | 0.52 | 0.61 | 69 | Large Cap Value Equities | MWNIX vs MEIIX | |
| MFS Value Fund | 0.49 | 0.53 | 0.61 | 70 | Large Cap Value Equities | MWNIX vs MEIKX | |
| MFS Value Fund | 0.49 | 0.53 | 0.61 | 67 | Large Cap Value Equities | MWNIX vs MEIAX | |
| AMG Yacktman Special Opportunities Fund | 0.56 | 0.62 | 0.69 | 55 | Foreign Small & Mid Cap Equities | MWNIX vs YASLX | |
| Kopernik Global All-Cap Fund | 0.65 | 0.60 | 0.65 | 66 | Foreign Small & Mid Cap Equities | MWNIX vs KGGIX |
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