Looking to diversify beyond ICMUX? The mutual funds below have the lowest correlation with ICMUX — 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 ICMUX.
Best Diversifiers for ICMUX
17 mutual funds have low correlation with ICMUX (below 0.3), 2 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy HV Fund (QMHIX) (Systematic Trend) with a 1Y correlation of -0.06, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy HV Fund | -0.06 | -0.14 | -0.14 | 83 | Systematic Trend | ICMUX vs QMHIX | |
| PGIM Securitized Credit Fund | -0.01 | 0.05 | 0.16 | 99 | Nontraditional Bonds | ICMUX vs SCFZX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.05 | 0.03 | 0.03 | 95 | Long-Short | ICMUX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 0.06 | 0.03 | 0.03 | 95 | Equity Market Neutral | ICMUX vs BDMAX | |
| AQR Long-Short Equity Fund | 0.16 | 0.16 | 0.13 | 53 | Long-Short | ICMUX vs QLEIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ICMUX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ICMUX and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.08 | 0.14 | 0.21 | 77 | Energy | |
| NVIDIA Corporation | 0.18 | 0.24 | 0.26 | 76 | Technology | |
| Tesla, Inc. | 0.33 | 0.28 | 0.28 | 59 | Consumer Cyclical | |
| Central Securities Corp. | 0.43 | 0.41 | 0.41 | 81 | Financial Services |
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