Looking to diversify beyond IMCVX? The mutual funds below have historically moved differently from IMCVX, 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 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 0.12, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.12 | 0.07 | 0.04 | 97 | Equity Market Neutral | IMCVX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.24 | 0.21 | 0.09 | 66 | Systematic Trend | IMCVX vs ASFYX | |
| iShares S&P 500 Index Fund Class K | 0.45 | 0.61 | 0.75 | 63 | S&P 500 | IMCVX vs WFSPX | |
| Fidelity Asset Manager 85% Fund | 0.48 | 0.65 | 0.77 | 74 | Diversified Portfolio | IMCVX vs FAMRX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.48 | 0.64 | 0.76 | 72 | Diversified Portfolio, Municipal Bonds | IMCVX vs VTMFX |
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