Looking to diversify beyond IAAAX? The mutual funds below have the lowest correlation with IAAAX — 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 IAAAX.
Best Diversifiers for IAAAX
3 mutual funds have low correlation with IAAAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.16 | 0.51 | 67 | Diversified Portfolio | IAAAX vs MHELX | |
| Transamerica Intermediate Muni | 0.19 | 0.17 | 0.13 | 76 | Municipal Bonds | IAAAX vs TIMUX | |
| Transamerica High Yield Muni | 0.23 | 0.17 | 0.13 | 67 | High Yield Muni | IAAAX vs THYIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.52 | 0.59 | 82 | Diversified Portfolio | IAAAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.52 | 0.59 | 86 | Diversified Portfolio | IAAAX vs FSIRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IAAAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IAAAX and solid risk/return profiles. The least correlated is Voya Financial, Inc. (VOYA) (Financial Services) with a 1Y correlation of 0.43, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Voya Financial, Inc. | 0.43 | 0.48 | 0.58 | 80 | Financial Services |
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