Looking to diversify beyond IAAAX? The mutual funds below have historically moved differently from IAAAX, 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 IAAAX
5 mutual funds have low correlation with IAAAX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.26, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.26 | -0.08 | 0.07 | 83 | Diversified Portfolio | IAAAX vs SIFAX | |
| Transamerica Energy Infrastructure | -0.08 | 0.31 | 0.48 | 80 | Infrastructure Equities, Energy Equities | IAAAX vs TMLPX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.13 | 0.49 | 66 | Diversified Portfolio | IAAAX vs MHELX | |
| Transamerica Intermediate Muni | 0.23 | 0.17 | 0.14 | 79 | Municipal Bonds | IAAAX vs TIMUX | |
| Transamerica High Yield Muni | 0.28 | 0.17 | 0.14 | 89 | High Yield Muni | IAAAX vs THYIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IAAAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Voya Financial, Inc. (VOYA) (Financial Services) with a 1Y correlation of 0.38, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Voya Financial, Inc. | 0.38 | 0.46 | 0.57 | 85 | Financial Services |
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