Looking to diversify beyond IIF? The mutual funds below have historically moved differently from IIF, 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 IIF
9 mutual funds have low correlation with IIF (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) (Emerging Markets Equities) with a 1Y correlation of 0.09, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.09 | 0.31 | 0.39 | 92 | Emerging Markets Equities | IIF vs ESCIX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.11 | 0.02 | 0.03 | 100 | Ultrashort Bond | IIF vs MUIIX | |
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.19 | 0.25 | 0.30 | 57 | Emerging Markets Equities | IIF vs PZIEX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.25 | 0.41 | 0.49 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | IIF vs GSIYX | |
| The Korea Fund Inc | 0.27 | 0.29 | 0.34 | 81 | Emerging Markets Equities, South Korea Equities, Asia Pacific Equities | IIF vs KF |
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