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ICON Natural Resources and Infrastructure Fund (ICBMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies the Advisor considers Natural Resources and/or Infrastructure focused, which are companies in the Energy, Industrials, Materials and Utilities sectors. Equity securities in which the fund may invest include common stocks and preferred stocks of companies of any market capitalization. It is non-diversified.

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

3 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 0.44 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SRV
NXG Cushing® Midstream Energy Fund0.180.290.44
73
Energy EquitiesICBMX vs SRV
RMLPX
Recurrent MLP & Infrastructure Fund0.280.520.65
83
Energy EquitiesICBMX vs RMLPX
GAGEX
Guinness Atkinson Global Energy Fund0.290.480.59
56
Energy EquitiesICBMX vs GAGEX
FSENX
Fidelity Select Energy Portfolio0.310.510.63
62
Energy EquitiesICBMX vs FSENX
VGELX
Vanguard Energy Fund Admiral Shares0.370.530.65
78
Energy EquitiesICBMX vs VGELX
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