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Looking to diversify beyond MMIBX? The mutual funds below have historically moved differently from MMIBX, 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 MMIBX

12 mutual funds have low correlation with MMIBX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.00, down from 0.22 over 5 years.

How candidates are selected

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