Looking to diversify beyond IIBAX? The mutual funds below have historically moved differently from IIBAX, 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 IIBAX
6 mutual funds have low correlation with IIBAX (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 -0.13, down from 0.05 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 | -0.13 | 0.06 | 0.05 | 93 | Large Cap Value Equities | IIBAX vs LEXCX | |
| VY JPMorgan Emerging Markets Equity Portfolio | 0.21 | 0.15 | 0.13 | 77 | Emerging Markets Equities | IIBAX vs IJPIX | |
| State Street S&P 500 Index Fund Class N | 0.26 | 0.21 | 0.16 | 75 | Large Cap Blend Equities | IIBAX vs SVSPX | |
| VY Invesco Growth and Income Portfolio | 0.27 | 0.21 | 0.12 | 62 | Large Cap Value Equities | IIBAX vs IVGSX | |
| VY Invesco Comstock Portfolio | 0.27 | 0.21 | 0.11 | 81 | Large Cap Value Equities | IIBAX vs IVKIX |
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