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
1 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 0.28, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.28 | 0.49 | 0.61 | 70 | Large Cap Value Equities | IIRMX vs LEXCX | |
| Voya International High Dividend Low Volatility Po... | 0.51 | 0.57 | 0.65 | 58 | Foreign Large Cap Equities | IIRMX vs IFTIX | |
| 13D Activist Fund | 0.65 | 0.73 | 0.81 | 78 | Mid Cap Blend Equities | IIRMX vs DDDIX | |
| Tarkio Fund | 0.67 | 0.73 | 0.82 | 56 | Mid Cap Blend Equities | IIRMX vs TARKX | |
| Voya Russell Large Cap Index Portfolio | 0.70 | 0.76 | 0.84 | 62 | Large Cap Blend Equities | IIRMX vs IIRLX |
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