Looking to diversify beyond ICAFX? The mutual funds below have the lowest correlation with ICAFX — 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 ICAFX.
Best Diversifiers for ICAFX
0 mutual funds have low correlation with ICAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.33, down from 0.83 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Emerald Insights Fund | 0.33 | 0.76 | 0.83 | 99 | Large Cap Growth Equities | ICAFX vs EFCNX | |
| Franklin Income Fund Advisor Class | 0.51 | 0.52 | 0.66 | 92 | Diversified Portfolio | ICAFX vs FRIAX | |
| American Funds The Income Fund of America Class A | 0.67 | 0.75 | 0.82 | 53 | Diversified Portfolio, Dividend | ICAFX vs AMECX | |
| American Funds The Income Fund of America® Class F... | 0.69 | 0.75 | 0.82 | 54 | Diversified Portfolio | ICAFX vs AMEFX | |
| ICON Equity Fund | 0.70 | 0.73 | 0.80 | 76 | Large Cap Growth Equities | ICAFX vs IOLZX |
See all 23 diversifiers for ICAFX
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