Looking to diversify beyond IALAX? The mutual funds below have the lowest correlation with IALAX — 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 IALAX.
Best Diversifiers for IALAX
5 mutual funds have low correlation with IALAX (below 0.3), 1 of which are negatively correlated. The least correlated is Transamerica Energy Infrastructure (TMLPX) (Energy Equities) with a 1Y correlation of -0.10, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica Energy Infrastructure | -0.10 | 0.22 | 0.31 | 78 | Energy Equities | IALAX vs TMLPX | |
| Transamerica Intermediate Muni | 0.15 | 0.12 | 0.14 | 81 | Municipal Bonds | IALAX vs TIMUX | |
| Transamerica High Yield Muni | 0.15 | 0.10 | 0.12 | 81 | High Yield Muni | IALAX vs THYIX | |
| Transamerica Short-Term Bond Fund | 0.22 | 0.14 | 0.15 | 79 | Short-Term Bond | IALAX vs ITAAX | |
| Transamerica Floating Rate Fund | 0.28 | 0.24 | 0.23 | 84 | Bank Loan | IALAX vs TFLIX |
See all 44 diversifiers for IALAX
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