Looking to diversify beyond MIIAX? The mutual funds below have historically moved differently from MIIAX, 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 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 0.30, up from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Praxis Value Index Fund | 0.30 | 0.24 | 0.17 | 92 | Large Cap Value Equities | MIIAX vs MVIAX | |
| Praxis Small Cap Index Fund | 0.39 | 0.26 | 0.17 | 54 | Small Cap Blend Equities | MIIAX vs MMSIX | |
| Praxis International Index Fund | 0.42 | 0.29 | 0.23 | 65 | Foreign Large Cap Equities | MIIAX vs MPLIX | |
| Praxis Genesis Growth Portfolio | 0.45 | 0.35 | 0.27 | 68 | Diversified Portfolio | MIIAX vs MGAFX | |
| Praxis Genesis Balanced Portfolio | 0.52 | 0.46 | 0.39 | 65 | Diversified Portfolio | MIIAX vs MBAPX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MIIAX
Add MIIAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MIIAX