Looking to diversify beyond IFN? The mutual funds below have historically moved differently from IFN, 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 IFN
9 mutual funds have low correlation with IFN (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) (Emerging Markets Equities) with a 1Y correlation of 0.10, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.10 | 0.33 | 0.39 | 92 | Emerging Markets Equities | IFN vs ESCIX | |
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.17 | 0.26 | 0.29 | 57 | Emerging Markets Equities | IFN vs PZIEX | |
| Delaware Emerging Markets Fund | 0.23 | 0.33 | 0.39 | 91 | Emerging Markets Equities | IFN vs DEMIX | |
| Nomura Emerging Markets Fund Class C | 0.23 | 0.32 | 0.39 | 91 | Emerging Markets Equities | IFN vs DEMCX | |
| Nomura Emerging Markets Fund Class A | 0.23 | 0.33 | 0.39 | 91 | Emerging Markets Equities | IFN vs DEMAX |
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