Looking to diversify beyond IIRSX? The mutual funds below have historically moved differently from IIRSX, 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 IIRSX
1 mutual funds have low correlation with IIRSX (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 0.12, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.12 | 0.41 | 0.53 | 94 | Large Cap Value Equities | IIRSX vs LEXCX | |
| Voya International High Dividend Low Volatility Po... | 0.45 | 0.52 | 0.60 | 88 | Foreign Large Cap Equities, Low Volatility | IIRSX vs IFTIX | |
| Auer Growth Fund | 0.68 | 0.73 | 0.78 | 90 | Small Cap Blend Equities | IIRSX vs AUERX | |
| State Street S&P 500 Index Fund Class N | 0.69 | 0.74 | 0.80 | 75 | Large Cap Blend Equities | IIRSX vs SVSPX | |
| Voya International Index Portfolio | 0.71 | 0.68 | 0.71 | 57 | Foreign Large Cap Equities | IIRSX vs IIIIX |
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