Looking to diversify beyond ICMBX? The mutual funds below have historically moved differently from ICMBX, 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 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 -0.03, 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 Managed Trust Multi-Asset Inflat... | -0.03 | 0.06 | 0.13 | 83 | Diversified Portfolio | ICMBX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.10 | 0.48 | 66 | Diversified Portfolio | ICMBX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.54 | 0.58 | 91 | Diversified Portfolio | ICMBX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.53 | 0.58 | 91 | Diversified Portfolio | ICMBX vs FIQDX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.40 | 0.53 | 0.58 | 91 | Diversified Portfolio | ICMBX vs FSRKX |
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