Looking to diversify beyond ICEUX? The mutual funds below have the lowest correlation with ICEUX — 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 ICEUX.
Best Diversifiers for ICEUX
2 mutual funds have low correlation with ICEUX (below 0.3), 0 of which are negatively correlated. The least correlated is MainStay MacKay Short Term Municipal Fund (MSTIX) (Municipal Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MainStay MacKay Short Term Municipal Fund | 0.24 | 0.20 | 0.15 | 80 | Municipal Bonds | ICEUX vs MSTIX | |
| MainStay Floating Rate Fund | 0.24 | 0.24 | 0.26 | 61 | Bank Loan | ICEUX vs MXFIX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | 0.48 | 0.53 | 0.55 | 85 | High Yield Bonds | ICEUX vs MHCAX | |
| MainStay Epoch U.S. Equity Yield Fund | 0.55 | 0.58 | 0.65 | 81 | Large Cap Value Equities | ICEUX vs EPLCX | |
| Kopernik International Fund | 0.59 | 0.51 | 0.59 | 81 | Foreign Large Cap Equities | ICEUX vs KGIIX |
See all 21 diversifiers for ICEUX
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