Looking to diversify beyond IBRIX? The mutual funds below have the lowest correlation with IBRIX — 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 IBRIX.
Best Diversifiers for IBRIX
6 mutual funds have low correlation with IBRIX (below 0.3), 1 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.01 | 0.15 | 0.16 | 68 | Large Cap Value Equities | IBRIX vs LEXCX | |
| SEI Multi-Asset Real Return Fund Class A | 0.13 | 0.27 | 0.33 | 67 | Inflation-Protected Bonds | IBRIX vs SEIAX | |
| Voya Russell Large Cap Value Index Portfolio | 0.19 | 0.25 | 0.22 | 94 | Large Cap Value Equities | IBRIX vs IRVIX | |
| Voya Russell Large Cap Index Portfolio | 0.21 | 0.24 | 0.22 | 60 | Large Cap Blend Equities | IBRIX vs IIRLX | |
| Voya International High Dividend Low Volatility Po... | 0.25 | 0.33 | 0.28 | 58 | Foreign Large Cap Equities | IBRIX vs IFTIX |
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