Looking to diversify beyond IMLAX? The mutual funds below have the lowest correlation with IMLAX — 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 IMLAX.
Best Diversifiers for IMLAX
5 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 -0.22, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.22 | -0.03 | 0.10 | 58 | Diversified Portfolio | IMLAX vs SIFAX | |
| Transamerica Energy Infrastructure | -0.06 | 0.32 | 0.49 | 77 | Energy Equities | IMLAX vs TMLPX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.15 | 0.49 | 69 | Diversified Portfolio | IMLAX vs MHELX | |
| Transamerica Intermediate Muni | 0.26 | 0.24 | 0.20 | 81 | Municipal Bonds | IMLAX vs TIMUX | |
| Transamerica High Yield Muni | 0.29 | 0.24 | 0.20 | 82 | High Yield Muni | IMLAX vs THYIX |
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