Looking to diversify beyond IIRGX? The mutual funds below have the lowest correlation with IIRGX — 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 IIRGX.
Best Diversifiers for IIRGX
2 mutual funds have low correlation with IIRGX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.19 | 0.52 | 64 | Diversified Portfolio | IIRGX vs MHELX | |
| Voya Corporate Leaders Trust Fund | 0.10 | 0.38 | 0.54 | 59 | Large Cap Value Equities | IIRGX vs LEXCX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.53 | 0.59 | 96 | Diversified Portfolio | IIRGX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.32 | 0.53 | 0.60 | 96 | Diversified Portfolio | IIRGX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.53 | 0.59 | 95 | Diversified Portfolio | IIRGX vs FCSRX |
See all 27 diversifiers for IIRGX
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