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), 0 of which are negatively correlated. The least correlated is Transamerica Intermediate Muni (TIMUX) (Municipal Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica Intermediate Muni | 0.11 | 0.11 | 0.13 | 76 | Municipal Bonds | IALAX vs TIMUX | |
| Transamerica High Yield Muni | 0.12 | 0.10 | 0.12 | 63 | High Yield Muni | IALAX vs THYIX | |
| Transamerica Short-Term Bond Fund | 0.18 | 0.13 | 0.14 | 67 | Short-Term Bond | IALAX vs ITAAX | |
| Transamerica Floating Rate Fund | 0.26 | 0.23 | 0.23 | 83 | Bank Loan | IALAX vs TFLIX | |
| Transamerica Unconstrained Bond | 0.27 | 0.25 | 0.25 | 65 | Nontraditional Bonds | IALAX vs TUNIX |
See all 43 diversifiers for IALAX
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