Looking to diversify beyond IJPIX? The mutual funds below have historically moved differently from IJPIX, 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 IJPIX
2 mutual funds have low correlation with IJPIX (below 0.3), 1 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.06, down from 0.30 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 | -0.06 | 0.18 | 0.30 | 93 | Large Cap Value Equities | IJPIX vs LEXCX | |
| The Cook & Bynum Fund | 0.24 | 0.42 | 0.47 | 66 | Emerging Markets Equities | IJPIX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.37 | 0.59 | 0.67 | 92 | Emerging Markets Equities | IJPIX vs ESCIX | |
| Voya International High Dividend Low Volatility Po... | 0.46 | 0.53 | 0.60 | 89 | Foreign Large Cap Equities, Low Volatility | IJPIX vs IFTIX | |
| Voya Russell Large Cap Value Index Portfolio | 0.49 | 0.50 | 0.54 | 96 | Large Cap Value Equities | IJPIX vs IRVIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IJPIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Inventrust Properties Corp (IVT) (Real Estate) with a 1Y correlation of -0.07, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Inventrust Properties Corp | -0.07 | 0.13 | 0.21 | 90 | Real Estate | |
| Xenia Hotels & Resorts, Inc. | 0.14 | 0.32 | 0.39 | 93 | Real Estate |
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