Looking to diversify beyond MIOIX? The mutual funds below have the lowest correlation with MIOIX — 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 MIOIX.
Best Diversifiers for MIOIX
1 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 0.25, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.25 | 0.37 | 0.46 | 61 | Foreign Large Cap Equities | MIOIX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.40 | 0.44 | 0.46 | 82 | Foreign Large Cap Equities | MIOIX vs PTSIX | |
| SA International Value Fund | 0.45 | 0.47 | 0.52 | 89 | Foreign Large Cap Equities | MIOIX vs SAHMX | |
| EuroPac International Dividend Income Fund Class A | 0.51 | 0.50 | 0.52 | 75 | Foreign Large Cap Equities, Dividend | MIOIX vs EPDPX | |
| EuroPac International Dividend Income Fund | 0.51 | 0.51 | 0.52 | 76 | Foreign Large Cap Equities | MIOIX vs EPDIX |
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