Looking to diversify beyond MMIUX? The mutual funds below have historically moved differently from MMIUX, 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 MMIUX
27 mutual funds have low correlation with MMIUX (below 0.3), 0 of which are negatively correlated. The least correlated is EuroPac International Dividend Income Fund (EPDIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.13, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| EuroPac International Dividend Income Fund | 0.13 | 0.52 | 0.65 | 87 | Foreign Large Cap Equities | MMIUX vs EPDIX | |
| American Beacon Tocqueville International Value Fu... | 0.13 | 0.56 | 0.72 | 52 | Foreign Large Cap Equities | MMIUX vs TIVFX | |
| EuroPac International Dividend Income Fund Class A | 0.13 | 0.52 | 0.65 | 86 | Foreign Large Cap Equities, Dividend | MMIUX vs EPDPX | |
| Kopernik International Fund | 0.14 | 0.38 | 0.57 | 66 | Foreign Large Cap Equities | MMIUX vs KGIIX | |
| T. Rowe Price Spectrum Income Fund | 0.14 | 0.38 | 0.50 | 78 | Multisector Bonds | MMIUX vs RPSIX |
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