Looking to diversify beyond IIXIX? The mutual funds below have the lowest correlation with IIXIX — 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 IIXIX.
Best Diversifiers for IIXIX
7 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 Class I (MBXIX) (Hedge Fund) with a 1Y correlation of -0.03, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | -0.03 | -0.03 | 0.07 | 92 | Hedge Fund | IIXIX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | -0.03 | -0.03 | 0.08 | 91 | Macro Trading | IIXIX vs MBXAX | |
| GuidePath Absolute Return Allocation Fund | 0.11 | 0.28 | 0.40 | 57 | Short-Term Bond | IIXIX vs GPARX | |
| DFA Short-Duration Real Return Portfolio | 0.16 | 0.16 | 0.23 | 98 | Short-Term Bond | IIXIX vs DFAIX | |
| GuidepathConservative Income Fund | 0.21 | 0.30 | 0.32 | 99 | Short-Term Bond | IIXIX vs GPICX |
See all 20 diversifiers for IIXIX
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