Looking to diversify beyond IICAX? The mutual funds below have historically moved differently from IICAX, 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 IICAX
1 mutual funds have low correlation with IICAX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.30, up from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.30 | 0.20 | 0.16 | 96 | Large Cap Blend Equities | IICAX vs SVPFX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.34 | 0.20 | 0.13 | 98 | Equity Market Neutral | IICAX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.34 | 0.20 | 0.13 | 97 | Equity Market Neutral | IICAX vs BDMAX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.46 | 0.33 | 0.15 | 67 | Systematic Trend | IICAX vs ASFYX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.47 | 0.32 | 0.31 | 52 | Total Bond Market | IICAX vs BSIIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IICAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.53 | 0.60 | 0.70 | 89 |
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