Looking to diversify beyond ILMBX? The mutual funds below have historically moved differently from ILMBX, 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 ILMBX
10 mutual funds have low correlation with ILMBX (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 -0.11, down from 0.02 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 | -0.11 | 0.01 | 0.02 | 93 | Large Cap Value Equities | ILMBX vs LEXCX | |
| GuidePath Absolute Return Allocation Fund | 0.10 | 0.44 | 0.54 | 69 | Short-Term Bond | ILMBX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.14 | 0.16 | 0.17 | 84 | Short-Term Bond | ILMBX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.20 | 0.05 | 0.36 | 100 | Short-Term Bond | ILMBX vs DFCFX | |
| Voya Mid Cap Research Enhanced Index Fund | 0.22 | 0.15 | 0.11 | 58 | Mid Cap Blend Equities | ILMBX vs VYMSX |
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