Looking to diversify beyond MIEKX? The mutual funds below have historically moved differently from MIEKX, 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 MIEKX
0 mutual funds have low correlation with MIEKX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.51, roughly unchanged from 0.60 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.51 | 0.60 | — | 88 | Foreign Large Cap Equities | MIEKX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.53 | 0.70 | — | 56 | Foreign Large Cap Equities, Emerging Markets Equities | MIEKX vs GSIYX | |
| American Beacon Tocqueville International Value Fu... | 0.56 | 0.65 | — | 52 | Foreign Large Cap Equities | MIEKX vs TIVFX | |
| MFS Value Fund | 0.59 | 0.59 | — | 70 | Large Cap Value Equities | MIEKX vs MEIKX | |
| MFS Value Fund | 0.59 | 0.59 | — | 67 | Large Cap Value Equities | MIEKX vs MEIAX |
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