Looking to diversify beyond ICFSX? The mutual funds below have the lowest correlation with ICFSX — 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 ICFSX.
Best Diversifiers for ICFSX
1 mutual funds have low correlation with ICFSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Infrastructure Fund (FNSTX) (Large Cap Blend Equities) with a 1Y correlation of 0.24, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Infrastructure Fund | 0.24 | 0.43 | 0.56 | 51 | Large Cap Blend Equities | ICFSX vs FNSTX | |
| ICON Health and Information Technology Fund | 0.31 | 0.53 | 0.66 | 83 | Technology Equities | ICFSX vs ICTEX | |
| ICON FlexibleBondFund | 0.35 | 0.31 | 0.32 | 73 | Multisector Bonds | ICFSX vs IOBZX | |
| ICON Natural Resources and Infrastructure Fund | 0.48 | 0.65 | 0.73 | 68 | Energy Equities | ICFSX vs ICBMX | |
| ICON Equity Fund | 0.61 | 0.77 | 0.85 | 84 | Large Cap Growth Equities | ICFSX vs IOLZX |
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