Looking to diversify beyond IBNAX? The mutual funds below have the lowest correlation with IBNAX — 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 IBNAX.
Best Diversifiers for IBNAX
9 mutual funds have low correlation with IBNAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.07, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.18 | 0.49 | 67 | Diversified Portfolio | IBNAX vs MHELX | |
| Delaware Floating Rate Fund | 0.18 | 0.22 | 0.26 | 95 | Bank Loan | IBNAX vs DDFLX | |
| Delaware Tax-Free Minnesota Fund | 0.23 | 0.23 | 0.19 | 69 | Municipal Bonds | IBNAX vs DEFFX | |
| Delaware Minnesota High-Yield Municipal Bond Fund | 0.24 | 0.23 | 0.20 | 71 | Municipal Bonds | IBNAX vs DVMHX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.28 | 0.49 | 0.57 | 88 | Diversified Portfolio | IBNAX vs FSRKX |
See all 32 diversifiers for IBNAX
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