Looking to diversify beyond ICBMX? The mutual funds below have historically moved differently from ICBMX, 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 ICBMX
11 mutual funds have low correlation with ICBMX (below 0.3), 0 of which are negatively correlated. The least correlated is NXG Cushing® Midstream Energy Fund (SRV) (Energy Equities) with a 1Y correlation of 0.18, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.18 | 0.29 | 0.43 | 53 | Energy Equities | ICBMX vs SRV | |
| Goldman Sachs Energy Infrastructure Fund Class P | 0.19 | 0.47 | 0.63 | 79 | Infrastructure Equities, MLPs | ICBMX vs GAMPX | |
| Goldman Sachs Energy Infrastructure Fund | 0.20 | 0.47 | 0.63 | 78 | Infrastructure Equities, Energy Equities | ICBMX vs GLEIX | |
| Transamerica Energy Infrastructure | 0.22 | 0.46 | 0.63 | 78 | Infrastructure Equities, Energy Equities | ICBMX vs TMLPX | |
| Invesco SteelPath MLP Alpha Fund | 0.23 | 0.47 | 0.61 | 80 | Energy Equities | ICBMX vs MLPOX |
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