Looking to diversify beyond IDIVX? The mutual funds below have the lowest correlation with IDIVX — 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 IDIVX.
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 0.12, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Viking Tax-Free Fund For Montana | 0.12 | 0.13 | 0.09 | 86 | Municipal Bonds | IDIVX vs VMTTX | |
| Oklahoma Municipal Fund | 0.12 | 0.15 | 0.09 | 76 | Municipal Bonds | IDIVX vs OKMUX | |
| Kansas Municipal Fund | 0.13 | 0.12 | 0.08 | 82 | Municipal Bonds | IDIVX vs KSMUX | |
| Nebraska Municipal Fund | 0.13 | 0.14 | 0.09 | 86 | Municipal Bonds | IDIVX vs NEMUX | |
| Viking Tax-Free Fund for North Dakota | 0.13 | 0.15 | 0.09 | 82 | Municipal Bonds | IDIVX vs VNDFX |
See all 100 diversifiers for IDIVX
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