Looking to diversify beyond ICMUX? The mutual funds below have historically moved differently from ICMUX, 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 ICMUX
18 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 -0.05, up from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy HV Fund | -0.05 | -0.12 | -0.15 | 82 | Systematic Trend | ICMUX vs QMHIX | |
| PGIM Securitized Credit Fund | -0.01 | 0.05 | 0.16 | 100 | Nontraditional Bonds | ICMUX vs SCFZX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.10 | 0.04 | 0.03 | 97 | Equity Market Neutral | ICMUX vs BDMIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.12 | 0.11 | 0.12 | 100 | Bank Loan, High Yield Bonds | ICMUX vs CCLFX | |
| BlackRock Global Equity Market Neutral Fund | 0.12 | 0.05 | 0.03 | 97 | Equity Market Neutral | ICMUX vs BDMAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ICMUX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.13, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.13 | 0.11 | 0.19 | 93 | Energy | |
| NVIDIA Corporation | 0.17 | 0.23 | 0.26 | 56 | Technology | |
| Central Securities Corporation | 0.44 | 0.42 | 0.41 | 80 | Financial Services |
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