Looking to diversify beyond ICMBX? The mutual funds below have the lowest correlation with ICMBX — 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 ICMBX.
Best Diversifiers for ICMBX
2 mutual funds have low correlation with ICMBX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.00, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.00 | 0.08 | 0.14 | 60 | Diversified Portfolio | ICMBX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.00 | 0.11 | 0.49 | 67 | Diversified Portfolio | ICMBX vs MHELX | |
| Standpoint Multi-Asset Fund Institutional | 0.44 | 0.52 | 0.56 | 80 | Diversified Portfolio | ICMBX vs BLNDX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.44 | 0.39 | 0.42 | 99 | Diversified Portfolio | ICMBX vs STDAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.55 | 0.59 | 86 | Diversified Portfolio | ICMBX vs FCSRX |
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