Looking to diversify beyond ICMPX? The mutual funds below have historically moved differently from ICMPX, 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 ICMPX
3 mutual funds have low correlation with ICMPX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of -0.04, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | -0.04 | 0.35 | 0.46 | 62 | Quality Factor, Large Cap Value Equities | ICMPX vs GQHPX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.11 | 0.03 | 0.13 | 75 | Convertible Bonds | ICMPX vs LEOOX | |
| GQG Partners Global Quality Dividend Income Fund | 0.17 | 0.51 | 0.59 | 70 | Quality Factor, Global Equities | ICMPX vs GQFPX | |
| Lazard Real Assets Portfolio | 0.39 | 0.53 | 0.59 | 90 | Global Allocation | ICMPX vs RALIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.40 | 0.65 | 0.72 | 61 | Foreign Large Cap Equities | ICMPX vs GSIMX |
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