Looking to diversify beyond IAVIX? The mutual funds below have the lowest correlation with IAVIX — 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 IAVIX.
Best Diversifiers for IAVIX
4 mutual funds have low correlation with IAVIX (below 0.3), 1 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 -0.20, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.20 | -0.03 | 0.10 | 76 | Diversified Portfolio | IAVIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.20 | 0.54 | 63 | Diversified Portfolio | IAVIX vs MHELX | |
| Voya Corporate Leaders Trust Fund | 0.08 | 0.38 | 0.54 | 52 | Large Cap Value Equities | IAVIX vs LEXCX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.51 | 0.58 | 96 | Diversified Portfolio | IAVIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.51 | 0.58 | 95 | Diversified Portfolio | IAVIX vs FCSRX |
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