Looking to diversify beyond MIAIX? The mutual funds below have the lowest correlation with MIAIX — 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 MIAIX.
Best Diversifiers for MIAIX
2 mutual funds have low correlation with MIAIX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.16, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | 0.16 | 0.30 | 0.33 | 81 | Inflation-Protected Bonds | MIAIX vs SEIAX | |
| Allspring Real Return Fund | 0.27 | 0.49 | 0.64 | 92 | Inflation-Protected Bonds | MIAIX vs IPBAX | |
| Fidelity Series 0-5 Year Inflation-Protected Bond ... | 0.69 | 0.77 | — | 92 | Inflation-Protected Bonds | MIAIX vs FSTZX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 0.70 | 0.73 | 0.73 | 87 | Inflation-Protected Bonds | MIAIX vs EIRRX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 0.70 | 0.75 | 0.73 | 84 | Inflation-Protected Bonds | MIAIX vs EARRX |
See all 10 diversifiers for MIAIX
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