Looking to diversify beyond IIRMX? The mutual funds below have the lowest correlation with IIRMX — 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 IIRMX.
Best Diversifiers for IIRMX
0 mutual funds have low correlation with IIRMX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.36, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.36 | 0.52 | 0.62 | 52 | Large Cap Value Equities | IIRMX vs LEXCX | |
| Voya High Yield Portfolio | 0.51 | 0.53 | 0.53 | 58 | High Yield Bonds | IIRMX vs IPHYX | |
| Voya Russell Large Cap Growth Index Portfolio | 0.56 | 0.62 | 0.74 | 56 | Large Cap Growth Equities | IIRMX vs IRLNX | |
| Victory Trivalent International Small-Cap Fund Cla... | 0.62 | 0.67 | 0.74 | 53 | Mid Cap Blend Equities, Foreign Small & Mid Cap Equities | IIRMX vs MISIX | |
| Tarkio Fund | 0.65 | 0.73 | 0.82 | 62 | Mid Cap Blend Equities | IIRMX vs TARKX |
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