Looking to diversify beyond ICBMX? The mutual funds below have the lowest correlation with ICBMX — 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 ICBMX.
Best Diversifiers for ICBMX
0 mutual funds have low correlation with ICBMX (below 0.3), 0 of which are negatively correlated. The least correlated is Recurrent MLP & Infrastructure Fund (RMLPX) (Energy Equities) with a 1Y correlation of 0.32, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Recurrent MLP & Infrastructure Fund | 0.32 | 0.55 | 0.67 | 58 | Energy Equities | ICBMX vs RMLPX | |
| ICON FlexibleBondFund | 0.38 | 0.38 | 0.35 | 69 | Multisector Bonds | ICBMX vs IOBZX | |
| Vanguard Energy Fund Admiral Shares | 0.40 | 0.55 | 0.66 | 62 | Energy Equities | ICBMX vs VGELX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.40 | 0.55 | 0.66 | 61 | Energy Equities | ICBMX vs VGENX | |
| JHancock Infrastructure Fund | 0.42 | 0.49 | 0.57 | 58 | Energy Equities | ICBMX vs JEEIX |
See all 25 diversifiers for ICBMX
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