Looking to diversify beyond MIOFX? The mutual funds below have the lowest correlation with MIOFX — 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 MIOFX.
Best Diversifiers for MIOFX
1 mutual funds have low correlation with MIOFX (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 0.23, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.23 | 0.30 | 0.49 | 63 | Foreign Large Cap Equities | MIOFX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.39 | 0.37 | 0.49 | 83 | Foreign Large Cap Equities | MIOFX vs PTSIX | |
| SA International Value Fund | 0.47 | 0.42 | 0.55 | 89 | Foreign Large Cap Equities | MIOFX vs SAHMX | |
| PIMCO RAE International Fund | 0.47 | 0.53 | 0.65 | 59 | Foreign Large Cap Equities | MIOFX vs PPYPX | |
| EuroPac International Dividend Income Fund Class A | 0.49 | 0.42 | 0.53 | 75 | Foreign Large Cap Equities, Dividend | MIOFX vs EPDPX |
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