Looking to diversify beyond IDE? The mutual funds below have the lowest correlation with IDE — 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 IDE.
Best Diversifiers for IDE
0 mutual funds have low correlation with IDE (below 0.3), 0 of which are negatively correlated. The least correlated is Adams Diversified Equity Fund, Inc. (ADX) (Large Cap Blend Equities) with a 1Y correlation of 0.41, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Adams Diversified Equity Fund, Inc. | 0.41 | 0.48 | 0.57 | 61 | Large Cap Blend Equities | IDE vs ADX | |
| Voya Russell Large Cap Index Portfolio | 0.43 | 0.43 | 0.53 | 60 | Large Cap Blend Equities | IDE vs IIRLX | |
| Voya Mid Cap Research Enhanced Index Fund | 0.44 | 0.49 | 0.56 | 56 | Mid Cap Blend Equities | IDE vs VYMSX | |
| Voya Russell Large Cap Value Index Portfolio | 0.49 | 0.50 | 0.58 | 93 | Large Cap Value Equities | IDE vs IRVIX | |
| Fidelity Advisor Industrials Fund Class Z | 0.50 | 0.51 | 0.57 | 51 | Industrials Equities | IDE vs FIKEX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDE and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.37, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.37 | 0.44 | 0.49 | 79 | Financial Services |
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