Looking to diversify beyond MIOIX? The mutual funds below have historically moved differently from MIOIX, 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 MIOIX
4 mutual funds have low correlation with MIOIX (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 0.20, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.20 | 0.35 | 0.45 | 88 | Foreign Large Cap Equities | MIOIX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.21 | 0.56 | 0.60 | 61 | Foreign Large Cap Equities | MIOIX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.22 | 0.56 | 0.60 | 61 | Foreign Large Cap Equities | MIOIX vs GSIMX | |
| GQG Partners International Quality Dividend Income... | 0.25 | 0.48 | 0.51 | 71 | Quality Factor, Foreign Large Cap Equities | MIOIX vs GQJPX | |
| PIMCO RAE PLUS International Fund | 0.38 | 0.43 | 0.46 | 95 | Foreign Large Cap Equities | MIOIX vs PTSIX |
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