Looking to diversify beyond IHD? The mutual funds below have historically moved differently from IHD, 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 IHD
5 mutual funds have low correlation with IHD (below 0.3), 1 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.03, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.03 | 0.17 | 0.27 | 94 | Large Cap Value Equities | IHD vs LEXCX | |
| The Cook & Bynum Fund | 0.19 | 0.30 | 0.40 | 70 | Emerging Markets Equities | IHD vs COBYX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.21 | 0.39 | 0.49 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | IHD vs GSIYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.29 | 0.45 | 0.54 | 91 | Emerging Markets Equities | IHD vs ESCIX | |
| Voya Corporate Leaders 100 Fund Class A | 0.29 | 0.39 | 0.46 | 83 | Large Cap Growth Equities | IHD vs VYCAX |
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