Looking to diversify beyond MDIIX? The mutual funds below have the lowest correlation with MDIIX — 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 MDIIX.
Best Diversifiers for MDIIX
1 mutual funds have low correlation with MDIIX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short-Term TIPS Bond Index Fund Class K | 0.09 | 0.18 | 0.17 | 75 | Inflation-Protected Bonds | MDIIX vs BKIPX | |
| Kopernik International Fund | 0.59 | 0.50 | 0.62 | 82 | Foreign Large Cap Equities | MDIIX vs KGIIX | |
| Thornburg Global Opportunities Fund | 0.60 | 0.72 | 0.78 | 94 | Foreign Large Cap Equities | MDIIX vs THOIX | |
| PIMCO RAE PLUS International Fund | 0.66 | 0.66 | 0.68 | 83 | Foreign Large Cap Equities | MDIIX vs PTSIX | |
| American Beacon Tocqueville International Value Fu... | 0.66 | 0.70 | 0.81 | 93 | Foreign Large Cap Equities | MDIIX vs TIVFX |
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