Looking to diversify beyond IEVAX? The mutual funds below have historically moved differently from IEVAX, 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 IEVAX
1 mutual funds have low correlation with IEVAX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.28, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.28 | 0.59 | 0.72 | 70 | Quality Factor, Global Equities | IEVAX vs GQFPX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.39 | 0.35 | 0.39 | 90 | Multistrategy, Systematic Trend, Global Equities | IEVAX vs MBXIX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.43 | 0.59 | 0.68 | 79 | Infrastructure Equities, Global Equities | IEVAX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.48 | 0.64 | 0.74 | 66 | Infrastructure Equities, Global Equities | IEVAX vs FGIAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.53 | 0.71 | 0.79 | 53 | Global Equities, Low Volatility | IEVAX vs SVTAX |
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