Looking to diversify beyond IMLAX? The mutual funds below have historically moved differently from IMLAX, 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 IMLAX
4 mutual funds have low correlation with IMLAX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.26, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.26 | -0.06 | 0.09 | 83 | Diversified Portfolio | IMLAX vs SIFAX | |
| Transamerica Energy Infrastructure | -0.10 | 0.30 | 0.48 | 80 | Infrastructure Equities, Energy Equities | IMLAX vs TMLPX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.13 | 0.48 | 66 | Diversified Portfolio | IMLAX vs MHELX | |
| Transamerica Intermediate Muni | 0.26 | 0.24 | 0.21 | 79 | Municipal Bonds | IMLAX vs TIMUX | |
| Transamerica High Yield Muni | 0.32 | 0.24 | 0.20 | 89 | High Yield Muni | IMLAX vs THYIX |
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