Looking to diversify beyond ICMPX? The mutual funds below have the lowest correlation with ICMPX — 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 ICMPX.
Best Diversifiers for ICMPX
0 mutual funds have low correlation with ICMPX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.42, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.42 | 0.52 | 0.62 | 63 | Foreign Large Cap Equities | ICMPX vs IVFIX | |
| Lazard Real Assets Portfolio | 0.42 | 0.54 | 0.60 | 82 | Global Allocation | ICMPX vs RALIX | |
| PIMCO RAE PLUS International Fund | 0.49 | 0.54 | 0.57 | 83 | Foreign Large Cap Equities | ICMPX vs PTSIX | |
| SA International Value Fund | 0.51 | 0.55 | 0.63 | 89 | Foreign Large Cap Equities | ICMPX vs SAHMX | |
| American Beacon Tocqueville International Value Fu... | 0.53 | 0.65 | 0.76 | 84 | Foreign Large Cap Equities | ICMPX vs TIVFX |
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