Looking to diversify beyond MIFIX? The mutual funds below have historically moved differently from MIFIX, 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 MIFIX
3 mutual funds have low correlation with MIFIX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.12 | — | — | 99 | Equity Market Neutral | MIFIX vs MMNIX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.21 | 0.08 | 0.10 | 98 | Ultrashort Bond | MIFIX vs TRBUX | |
| BlackRock New Jersey Municipal Bond Fund | 0.24 | 0.20 | 0.19 | 77 | Municipal Bonds | MIFIX vs MANJX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.42 | 0.31 | 0.29 | 84 | Short-Term Bond, Corporate Bonds, Investment Grade Bonds | MIFIX vs VSCSX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.43 | 0.31 | 0.29 | 86 | Corporate Bonds | MIFIX vs VSTBX |
See all 8 diversifiers for MIFIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MIFIX
Add MIFIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MIFIX