Looking to diversify beyond IICAX? The mutual funds below have the lowest correlation with IICAX — 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 IICAX.
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 0.29, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.19 | 0.15 | 72 | Large Cap Blend Equities | IICAX vs SVPFX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.33 | 0.19 | 0.13 | 95 | Long-Short | IICAX vs BDMIX | |
| North Square Preferred and Income Securities Fund | 0.48 | 0.36 | 0.43 | 69 | Large Cap Blend Equities | IICAX vs ORDNX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.48 | 0.33 | 0.16 | 60 | Systematic Trend | IICAX vs ASFYX | |
| State Street S&P 500 Index Fund Class N | 0.68 | 0.85 | 0.91 | 83 | Large Cap Blend Equities | IICAX vs SVSPX |
See all 71 diversifiers for IICAX
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