Looking to diversify beyond IEYYX? The mutual funds below have historically moved differently from IEYYX, 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 IEYYX
19 mutual funds have low correlation with IEYYX (below 0.3), 0 of which are negatively correlated. The least correlated is Kayne Anderson Energy Infrastructure Fund (KYN) (Infrastructure Equities) with a 1Y correlation of 0.17, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Kayne Anderson Energy Infrastructure Fund | 0.17 | 0.39 | 0.60 | 68 | Infrastructure Equities, Energy Equities | IEYYX vs KYN | |
| NXG Cushing® Midstream Energy Fund | 0.19 | 0.30 | 0.48 | 58 | Energy Equities | IEYYX vs SRV | |
| Tortoise MLP & Pipeline Fund | 0.20 | 0.44 | 0.65 | 80 | Energy Equities | IEYYX vs TORIX | |
| Goldman Sachs Energy Infrastructure Fund | 0.21 | 0.45 | 0.66 | 82 | Infrastructure Equities, Energy Equities | IEYYX vs GLEIX | |
| MainGate MLP Fund | 0.21 | 0.42 | 0.63 | 73 | Energy Equities | IEYYX vs IMLPX |
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