Looking to diversify beyond IHFAX? The mutual funds below have the lowest correlation with IHFAX — 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 IHFAX.
Best Diversifiers for IHFAX
4 mutual funds have low correlation with IHFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Integrity Mid-North American Resources Fund (ICPAX) (Energy Equities) with a 1Y correlation of 0.04, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Integrity Mid-North American Resources Fund | 0.04 | 0.22 | 0.28 | 66 | Energy Equities | IHFAX vs ICPAX | |
| Cliffwater Corporate Lending Fund | 0.05 | 0.08 | 0.09 | 100 | High Yield Bonds | IHFAX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.11 | 0.10 | 0.08 | 100 | High Yield Bonds | IHFAX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.22 | 0.19 | 0.27 | 99 | High Yield Bonds | IHFAX vs RPHIX | |
| Viking Tax-Free Fund for North Dakota | 0.39 | 0.44 | 0.41 | 82 | Municipal Bonds | IHFAX vs VNDFX |
See all 36 diversifiers for IHFAX
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