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Praxis International Index Fund (MPLIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks capital appreciation. The fund invests primarily in equity securities of foreign companies organized under the laws of, headquartered in, or whose common equity securities are principally traded in countries outside the United States. It seeks to generate performance that reflects the performance of a broad representation of both foreign developed and emerging equity markets, as measured by the MSCI ACWI ex USA Index (Net), its benchmark index.

Looking to diversify beyond MPLIX? The mutual funds below have the lowest correlation with MPLIX — 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 MPLIX.

Best Diversifiers for MPLIX

0 mutual funds have low correlation with MPLIX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO RAE PLUS International Fund (PTSIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.59, roughly unchanged from 0.65 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PTSIX
PIMCO RAE PLUS International Fund0.590.630.65
79
Foreign Large Cap EquitiesMPLIX vs PTSIX
KGIIX
Kopernik International Fund0.610.540.65
53
Foreign Large Cap EquitiesMPLIX vs KGIIX
SAHMX
SA International Value Fund0.620.660.73
88
Foreign Large Cap EquitiesMPLIX vs SAHMX
MVIAX
Praxis Value Index Fund0.650.650.71
86
Large Cap Value EquitiesMPLIX vs MVIAX
EPDPX
EuroPac International Dividend Income Fund Class A0.650.680.73
74
Foreign Large Cap Equities, DividendMPLIX vs EPDPX
See all 23 diversifiers for MPLIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MPLIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MPLIX and solid risk/return profiles. The least correlated is Capital Southwest Corporation (CSWC) (Financial Services) with a 1Y correlation of 0.39, roughly unchanged from 0.42 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CSWC
Capital Southwest Corporation0.390.370.42
73
Financial Services

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