Looking to diversify beyond IMCVX? The mutual funds below have the lowest correlation with IMCVX — 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 IMCVX.
Best Diversifiers for IMCVX
2 mutual funds have low correlation with IMCVX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.11, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.11 | 0.08 | 0.04 | 96 | Equity Market Neutral | IMCVX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.27 | 0.21 | 0.09 | 51 | Systematic Trend | IMCVX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.31 | 0.46 | 0.60 | 59 | Large Cap Growth Equities | IMCVX vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.47 | 0.62 | 0.75 | 65 | S&P 500 | IMCVX vs WFSPX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.49 | 0.65 | 0.76 | 77 | Diversified Portfolio, Municipal Bonds | IMCVX vs VTMFX |
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