Looking to diversify beyond ICFSX? The mutual funds below have historically moved differently from ICFSX, 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 ICFSX
1 mutual funds have low correlation with ICFSX (below 0.3), 0 of which are negatively correlated. The least correlated is ICON Health and Information Technology Fund (ICTEX) (Technology Equities) with a 1Y correlation of 0.24, down from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ICON Health and Information Technology Fund | 0.24 | 0.50 | 0.63 | 85 | Technology Equities | ICFSX vs ICTEX | |
| ICON FlexibleBondFund | 0.39 | 0.33 | 0.33 | 86 | Multisector Bonds | ICFSX vs IOBZX | |
| ICON Natural Resources and Infrastructure Fund | 0.42 | 0.62 | 0.72 | 80 | Infrastructure Equities, Energy Equities | ICFSX vs ICBMX | |
| ICON Equity Fund | 0.48 | 0.72 | 0.82 | 80 | Large Cap Growth Equities | ICFSX vs IOLZX | |
| ICON Equity Income Fund | 0.65 | 0.71 | 0.78 | 94 | Diversified Portfolio | ICFSX vs IOEZX |
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