Looking to diversify beyond ICTEX? The mutual funds below have historically moved differently from ICTEX, 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 ICTEX
0 mutual funds have low correlation with ICTEX (below 0.3), 0 of which are negatively correlated. The least correlated is ARK Venture Fund (ARKVX) (Technology Equities) with a 1Y correlation of 0.38, down from 0.52 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Venture Fund | 0.38 | 0.52 | — | 99 | Technology Equities | ICTEX vs ARKVX | |
| ICON Equity Income Fund | 0.38 | 0.46 | 0.59 | 94 | Diversified Portfolio | ICTEX vs IOEZX | |
| ICON FlexibleBondFund | 0.43 | 0.35 | 0.35 | 86 | Multisector Bonds | ICTEX vs IOBZX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.50 | 0.54 | 0.64 | 58 | Technology Equities | ICTEX vs GTTIX | |
| ICON Natural Resources and Infrastructure Fund | 0.56 | 0.60 | 0.65 | 80 | Infrastructure Equities, Energy Equities | ICTEX vs ICBMX |
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