Looking to diversify beyond MMDEX? The mutual funds below have historically moved differently from MMDEX, 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 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 0.41, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Praxis Value Index Fund | 0.41 | 0.50 | 0.65 | 91 | Large Cap Value Equities | MMDEX vs MVIAX | |
| Davis New York Venture Fund Class Y | 0.63 | 0.68 | 0.75 | 90 | Large Cap Growth Equities | MMDEX vs DNVYX | |
| ICON Equity Fund | 0.63 | 0.58 | 0.69 | 80 | Large Cap Growth Equities | MMDEX vs IOLZX | |
| Praxis Small Cap Index Fund | 0.64 | 0.61 | 0.69 | 53 | Small Cap Blend Equities | MMDEX vs MMSIX | |
| American Growth Fund Series One | 0.67 | 0.75 | 0.81 | 56 | Large Cap Growth Equities | MMDEX vs AMRGX |
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