Looking to diversify beyond MMDEX? The mutual funds below have the lowest correlation with MMDEX — 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 MMDEX.
Best Diversifiers for MMDEX
0 mutual funds have low correlation with MMDEX (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 0.44, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Praxis Value Index Fund | 0.44 | 0.53 | 0.66 | 85 | Large Cap Value Equities | MMDEX vs MVIAX | |
| Baron Partners Fund | 0.54 | 0.64 | 0.71 | 72 | Large Cap Growth Equities | MMDEX vs BPTRX | |
| ICON Equity Fund | 0.59 | 0.57 | 0.69 | 84 | Large Cap Growth Equities | MMDEX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.67 | 0.64 | 0.69 | 61 | Foreign Large Cap Equities | MMDEX vs VTMGX | |
| Praxis Genesis Conservative Portfolio | 0.68 | 0.64 | 0.68 | 52 | Diversified Portfolio | MMDEX vs MCONX |
See all 29 diversifiers for MMDEX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MMDEX
Add MMDEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MMDEX