Looking to diversify beyond IDIVX? The mutual funds below have historically moved differently from IDIVX, 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 IDIVX
6 mutual funds have low correlation with IDIVX (below 0.3), 0 of which are negatively correlated. The least correlated is Viking Tax-Free Fund For Montana (VMTTX) (Municipal Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Viking Tax-Free Fund For Montana | 0.09 | 0.13 | 0.09 | 91 | Municipal Bonds | IDIVX vs VMTTX | |
| Oklahoma Municipal Fund | 0.10 | 0.14 | 0.10 | 83 | Municipal Bonds | IDIVX vs OKMUX | |
| Viking Tax-Free Fund for North Dakota | 0.11 | 0.14 | 0.09 | 88 | Municipal Bonds | IDIVX vs VNDFX | |
| Kansas Municipal Fund | 0.11 | 0.11 | 0.08 | 86 | Municipal Bonds | IDIVX vs KSMUX | |
| Maine Municipal Fund | 0.12 | 0.13 | 0.09 | 92 | Municipal Bonds | IDIVX vs MEMUX |
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