Looking to diversify beyond IIBAX? The mutual funds below have the lowest correlation with IIBAX — 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 IIBAX.
Best Diversifiers for IIBAX
4 mutual funds have low correlation with IIBAX (below 0.3), 0 of which are negatively correlated. The least correlated is VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) (Emerging Markets Diversified) with a 1Y correlation of 0.18, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VY JPMorgan Emerging Markets Equity Portfolio | 0.18 | 0.15 | 0.12 | 93 | Emerging Markets Diversified | IIBAX vs IJPIX | |
| State Street S&P 500 Index Fund Class N | 0.24 | 0.21 | 0.15 | 83 | Large Cap Blend Equities | IIBAX vs SVSPX | |
| VY Invesco Growth and Income Portfolio | 0.29 | 0.22 | 0.11 | 54 | Large Cap Value Equities | IIBAX vs IVGSX | |
| VY Invesco Comstock Portfolio | 0.29 | 0.21 | 0.09 | 62 | Large Cap Value Equities | IIBAX vs IVKIX | |
| Voya SmallCap Opportunities Portfolio | 0.30 | 0.22 | 0.16 | 75 | Small Cap Growth Equities | IIBAX vs IVSOX |
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