Looking to diversify beyond ICIFX? The mutual funds below have the lowest correlation with ICIFX — 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 ICIFX.
Best Diversifiers for ICIFX
16 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 -0.02, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.02 | 0.14 | 0.13 | 100 | Ultrashort Bond | ICIFX vs ENIAX | |
| Invesco Value Opportunities Fund | 0.05 | 0.03 | 0.01 | 87 | Mid Cap Value Equities | ICIFX vs VVOAX | |
| Invesco Small Cap Value Fund | 0.06 | 0.04 | 0.01 | 89 | Small Cap Value Equities | ICIFX vs VSCAX | |
| Invesco Nasdaq 100 Index Fund | 0.06 | 0.00 | 0.02 | 76 | Large Cap Growth Equities | ICIFX vs IVNQX | |
| DFA One Year Fixed Income Portfolio | 0.07 | 0.01 | 0.19 | 99 | Ultrashort Bond | ICIFX vs DFIHX |
See all 27 diversifiers for ICIFX
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