Looking to diversify beyond IIXIX? The mutual funds below have historically moved differently from IIXIX, 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 IIXIX
9 mutual funds have low correlation with IIXIX (below 0.3), 2 of which are negatively correlated. The least correlated is Catalyst/Millburn Hedge Strategy Fund (MBXAX) (Multistrategy) with a 1Y correlation of -0.05, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund | -0.05 | -0.02 | 0.07 | 89 | Multistrategy, Systematic Trend, Global Equities | IIXIX vs MBXAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | -0.05 | -0.02 | 0.07 | 90 | Multistrategy, Systematic Trend, Global Equities | IIXIX vs MBXIX | |
| GuidePath Absolute Return Allocation Fund | 0.11 | 0.25 | 0.39 | 69 | Short-Term Bond | IIXIX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.15 | 0.01 | 0.16 | 100 | Short-Term Bond | IIXIX vs DFCFX | |
| GuidepathConservative Income Fund | 0.17 | 0.26 | 0.31 | 99 | Short-Term Bond | IIXIX vs GPICX |
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