Looking to diversify beyond IAE? The mutual funds below have historically moved differently from IAE, 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 IAE
5 mutual funds have low correlation with IAE (below 0.3), 1 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.08, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.08 | 0.16 | 0.27 | 94 | Large Cap Value Equities | IAE vs LEXCX | |
| Cullen Enhanced Equity Income Fund | 0.13 | 0.28 | 0.37 | 57 | Derivative Income | IAE vs ENHNX | |
| The Covered Bridge Fund | 0.23 | 0.35 | 0.41 | 86 | Derivative Income | IAE vs TCBIX | |
| Voya International High Dividend Low Volatility Po... | 0.24 | 0.33 | 0.45 | 88 | Foreign Large Cap Equities, Low Volatility | IAE vs IFTIX | |
| JPMorgan Equity Income Fund Class A | 0.29 | 0.36 | 0.42 | 90 | Dividend | IAE vs OIEIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IAE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.43 | 0.42 | 0.48 | 89 |
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