Looking to diversify beyond MIEIX? The mutual funds below have the lowest correlation with MIEIX — 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 MIEIX.
Best Diversifiers for MIEIX
6 mutual funds have low correlation with MIEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Limited Term Municipal Income Fund (AITFX) (Municipal Bonds) with a 1Y correlation of 0.28, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Limited Term Municipal Income Fund | 0.28 | 0.20 | 0.19 | 84 | Municipal Bonds | MIEIX vs AITFX | |
| MFS Municipal Limited Maturity Fund | 0.28 | 0.18 | 0.14 | 66 | Municipal Bonds | MIEIX vs MTLFX | |
| Baird Core Intermediate Municipal Bond Fund | 0.29 | 0.21 | 0.18 | 78 | Municipal Bonds | MIEIX vs BMNSX | |
| MFS Municipal Intermediate Fund | 0.30 | 0.21 | 0.17 | 68 | Municipal Bonds | MIEIX vs MIUIX | |
| MFS Municipal High Income Fund | 0.30 | 0.22 | 0.18 | 74 | High Yield Muni | MIEIX vs MMHYX |
See all 87 diversifiers for MIEIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MIEIX
Add MIEIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MIEIX