Looking to diversify beyond IIVAX? The mutual funds below have the lowest correlation with IIVAX — 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 IIVAX.
Best Diversifiers for IIVAX
3 mutual funds have low correlation with IIVAX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica High Yield Muni (THYIX) (High Yield Muni) with a 1Y correlation of 0.16, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica High Yield Muni | 0.16 | 0.14 | 0.09 | 67 | High Yield Muni | IIVAX vs THYIX | |
| Transamerica Intermediate Muni | 0.16 | 0.14 | 0.09 | 76 | Municipal Bonds | IIVAX vs TIMUX | |
| Transamerica Floating Rate Fund | 0.19 | 0.21 | 0.22 | 84 | Bank Loan | IIVAX vs TFLIX | |
| Transamerica Short-Term Bond Fund | 0.31 | 0.19 | 0.13 | 68 | Short-Term Bond | IIVAX vs ITAAX | |
| Transamerica Unconstrained Bond | 0.39 | 0.31 | 0.28 | 68 | Nontraditional Bonds | IIVAX vs TUNIX |
See all 35 diversifiers for IIVAX
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