Looking to diversify beyond MIUIX? The mutual funds below have the lowest correlation with MIUIX — 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 MIUIX.
Best Diversifiers for MIUIX
11 mutual funds have low correlation with MIUIX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.06, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.06 | 0.20 | 0.23 | 96 | Municipal Bonds | MIUIX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.01 | 0.20 | 0.23 | 95 | Municipal Bonds | MIUIX vs DMREX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.32 | 0.43 | 99 | Municipal Bonds | MIUIX vs DNYMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.31 | — | 100 | Municipal Bonds | MIUIX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.34 | 0.40 | 99 | Municipal Bonds | MIUIX vs USMSX |
See all 18 diversifiers for MIUIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MIUIX
Add MIUIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MIUIX