Looking to diversify beyond MMIUX? The mutual funds below have the lowest correlation with MMIUX — 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 MMIUX.
Best Diversifiers for MMIUX
8 mutual funds have low correlation with MMIUX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Spectrum Income Fund (RPSIX) (Multisector Bonds) with a 1Y correlation of 0.19, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Spectrum Income Fund | 0.19 | 0.41 | 0.50 | 86 | Multisector Bonds | MMIUX vs RPSIX | |
| EuroPac International Dividend Income Fund | 0.19 | 0.54 | 0.67 | 87 | Foreign Large Cap Equities | MMIUX vs EPDIX | |
| EuroPac International Dividend Income Fund Class A | 0.19 | 0.55 | 0.67 | 87 | Foreign Large Cap Equities, Dividend | MMIUX vs EPDPX | |
| T. Rowe Price Science And Technology Fund | 0.22 | 0.50 | 0.62 | 91 | Technology Equities | MMIUX vs PRSCX | |
| American Beacon Tocqueville International Value Fu... | 0.26 | 0.60 | 0.75 | 93 | Foreign Large Cap Equities | MMIUX vs TIVFX |
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