Looking to diversify beyond MIAIX? The mutual funds below have historically moved differently from MIAIX, 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 MIAIX
5 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 0.07, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | 0.07 | 0.25 | 0.31 | 86 | Inflation-Protected Bonds | MIAIX vs SEIAX | |
| MFS Value Fund Class I | 0.22 | 0.22 | 0.17 | 69 | Large Cap Value Equities | MIAIX vs MEIIX | |
| MFS Value Fund | 0.22 | 0.22 | 0.18 | 70 | Large Cap Value Equities | MIAIX vs MEIKX | |
| MFS Value Fund | 0.22 | 0.22 | 0.17 | 67 | Large Cap Value Equities | MIAIX vs MEIAX | |
| Allspring Real Return Fund | 0.28 | 0.46 | 0.62 | 66 | Inflation-Protected Bonds | MIAIX vs IPBAX |
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