Looking to diversify beyond IDMIX? The mutual funds below have the lowest correlation with IDMIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from IDMIX.
Best Diversifiers for IDMIX
0 mutual funds have low correlation with IDMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Miller Intermediate Bond Fund (MIFIX) (Corporate Bonds) with a 1Y correlation of 0.43, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Intermediate Bond Fund | 0.43 | 0.36 | 0.35 | 91 | Corporate Bonds | IDMIX vs MIFIX | |
| iMGP High Income Alternatives Fund | 0.64 | 0.66 | 0.67 | 95 | Nontraditional Bonds | IDMIX vs MAHIX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.79 | 0.85 | 0.85 | 81 | Corporate Bonds | IDMIX vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.83 | 0.86 | 0.85 | 79 | Corporate Bonds | IDMIX vs VSCSX |
Build a portfolio that complements IDMIX
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Analyze a portfolio with IDMIX