Looking to diversify beyond ICPAX? The mutual funds below have the lowest correlation with ICPAX — 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 ICPAX.
Best Diversifiers for ICPAX
7 mutual funds have low correlation with ICPAX (below 0.3), 6 of which are negatively correlated. The least correlated is Kansas Municipal Fund (KSMUX) (Municipal Bonds) with a 1Y correlation of -0.16, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Kansas Municipal Fund | -0.16 | 0.00 | -0.01 | 76 | Municipal Bonds | ICPAX vs KSMUX | |
| Oklahoma Municipal Fund | -0.14 | 0.03 | 0.02 | 73 | Municipal Bonds | ICPAX vs OKMUX | |
| Viking Tax-Free Fund For Montana | -0.11 | 0.01 | 0.01 | 80 | Municipal Bonds | ICPAX vs VMTTX | |
| Nebraska Municipal Fund | -0.10 | 0.02 | 0.02 | 80 | Municipal Bonds | ICPAX vs NEMUX | |
| Maine Municipal Fund | -0.07 | 0.04 | 0.01 | 66 | Municipal Bonds | ICPAX vs MEMUX |
See all 33 diversifiers for ICPAX
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