Looking to diversify beyond ICIFX? The mutual funds below have historically moved differently from ICIFX, 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 ICIFX
20 mutual funds have low correlation with ICIFX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of -0.01, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.01 | 0.11 | 0.13 | 100 | Ultrashort Bond | ICIFX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.04 | 0.14 | 0.01 | 99 | Ultrashort Bond | ICIFX vs TSDUX | |
| Invesco Value Opportunities Fund | 0.08 | 0.03 | 0.01 | 74 | Mid Cap Value Equities | ICIFX vs VVOAX | |
| Navigator Ultra Short Term Bond Fund | 0.08 | 0.06 | 0.12 | 100 | Ultrashort Bond | ICIFX vs NUSIX | |
| Invesco Small Cap Value Fund | 0.09 | 0.04 | 0.01 | 76 | Small Cap Value Equities | ICIFX vs VSCAX |
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