Looking to diversify beyond IFAFX? The mutual funds below have the lowest correlation with IFAFX — 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 IFAFX.
Best Diversifiers for IFAFX
1 mutual funds have low correlation with IFAFX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.27, up from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.27 | 0.06 | -0.04 | 85 | Global Allocation | IFAFX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.41 | 0.41 | 0.60 | 57 | Global Allocation | IFAFX vs MHESX | |
| Allspring Absolute Return Fund | 0.46 | 0.63 | 0.63 | 91 | Global Allocation | IFAFX vs WARAX | |
| Calamos Global Dynamic Income Fund | 0.54 | 0.60 | 0.64 | 71 | Global Allocation | IFAFX vs CHW | |
| Calamos Global Opportunities Fund | 0.60 | 0.65 | 0.75 | 53 | Global Allocation | IFAFX vs CVLOX |
See all 23 diversifiers for IFAFX
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