Looking to diversify beyond MIIAX? The mutual funds below have the lowest correlation with MIIAX — 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 MIIAX.
Best Diversifiers for MIIAX
0 mutual funds have low correlation with MIIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Praxis Value Index Fund (MVIAX) (Large Cap Value Equities) with a 1Y correlation of 0.34, up from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Praxis Value Index Fund | 0.34 | 0.25 | 0.16 | 85 | Large Cap Value Equities | MIIAX vs MVIAX | |
| Praxis International Index Fund | 0.41 | 0.30 | 0.21 | 58 | Foreign Large Cap Equities | MIIAX vs MPLIX | |
| Praxis Genesis Growth Portfolio | 0.45 | 0.35 | 0.26 | 68 | Diversified Portfolio | MIIAX vs MGAFX | |
| Praxis Genesis Balanced Portfolio | 0.52 | 0.46 | 0.38 | 68 | Diversified Portfolio | MIIAX vs MBAPX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.65 | 0.70 | 0.68 | 53 | Intermediate Core Bond | MIIAX vs STWTX |
See all 8 diversifiers for MIIAX
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