Looking to diversify beyond IIVAX? The mutual funds below have historically moved differently from IIVAX, 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 IIVAX
4 mutual funds have low correlation with IIVAX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica Energy Infrastructure (TMLPX) (Infrastructure Equities) with a 1Y correlation of 0.13, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica Energy Infrastructure | 0.13 | 0.41 | 0.58 | 80 | Infrastructure Equities, Energy Equities | IIVAX vs TMLPX | |
| Transamerica Floating Rate Fund | 0.16 | 0.19 | 0.21 | 89 | Bank Loan | IIVAX vs TFLIX | |
| Transamerica Intermediate Muni | 0.20 | 0.15 | 0.10 | 79 | Municipal Bonds | IIVAX vs TIMUX | |
| Transamerica High Yield Muni | 0.23 | 0.15 | 0.10 | 89 | High Yield Muni | IIVAX vs THYIX | |
| Transamerica Short-Term Bond Fund | 0.32 | 0.19 | 0.14 | 82 | Short-Term Bond | IIVAX vs ITAAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IIVAX
Add IIVAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IIVAX