Looking to diversify beyond IBALX? The mutual funds below have historically moved differently from IBALX, 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 IBALX
9 mutual funds have low correlation with IBALX (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 -0.29, down from 0.05 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... | -0.29 | -0.10 | 0.05 | 77 | Diversified Portfolio | IBALX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.13 | 0.46 | 66 | Diversified Portfolio | IBALX vs MHELX | |
| Fidelity Strategic Real Return Fund | 0.26 | 0.46 | 0.54 | 95 | Diversified Portfolio | IBALX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.46 | 0.53 | 87 | Diversified Portfolio | IBALX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.45 | 0.53 | 90 | Diversified Portfolio | IBALX vs FIQDX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IBALX, 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. | 0.64 | 0.69 | 0.75 | 88 |
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