Looking to diversify beyond IIF? The mutual funds below have the lowest correlation with IIF — 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 IIF.
Best Diversifiers for IIF
4 mutual funds have low correlation with IIF (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) (Ultrashort Bond) with a 1Y correlation of 0.11, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.11 | 0.03 | 0.03 | 99 | Ultrashort Bond | IIF vs MUIIX | |
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.21 | 0.27 | 0.31 | 56 | Emerging Markets Equities | IIF vs PZIEX | |
| The Korea Fund Inc | 0.29 | 0.30 | 0.35 | 93 | Emerging Markets Equities | IIF vs KF | |
| Nomura Emerging Markets Fund Class C | 0.29 | 0.33 | 0.41 | 98 | Emerging Markets Equities | IIF vs DEMCX | |
| Nomura Emerging Markets Fund Class A | 0.30 | 0.33 | 0.41 | 98 | Emerging Markets Equities | IIF vs DEMAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IIF
Add IIF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IIF