Looking to diversify beyond MDIZX? The mutual funds below have the lowest correlation with MDIZX — 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 MDIZX.
Best Diversifiers for MDIZX
0 mutual funds have low correlation with MDIZX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Global Technology and Innovation Fund (JAGTX) (Technology Equities) with a 1Y correlation of 0.61, roughly unchanged from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Global Technology and Innovation Fund | 0.61 | 0.62 | 0.68 | 72 | Technology Equities | MDIZX vs JAGTX | |
| Kopernik International Fund | 0.64 | 0.56 | 0.65 | 54 | Foreign Large Cap Equities | MDIZX vs KGIIX | |
| PIMCO RAE PLUS International Fund | 0.68 | 0.68 | 0.69 | 75 | Foreign Large Cap Equities | MDIZX vs PTSIX | |
| EuroPac International Dividend Income Fund Class A | 0.69 | 0.72 | 0.74 | 74 | Foreign Large Cap Equities, Dividend | MDIZX vs EPDPX | |
| EuroPac International Dividend Income Fund | 0.69 | 0.72 | 0.74 | 75 | Foreign Large Cap Equities | MDIZX vs EPDIX |
See all 23 diversifiers for MDIZX
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