Looking to diversify beyond IMNYX? The mutual funds below have the lowest correlation with IMNYX — 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 IMNYX.
Best Diversifiers for IMNYX
11 mutual funds have low correlation with IMNYX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.15, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.15 | 0.32 | 0.38 | 99 | Municipal Bonds | IMNYX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.15 | 0.31 | 0.40 | 99 | Municipal Bonds | IMNYX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.27 | 0.33 | 99 | Municipal Bonds | IMNYX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.28 | — | 100 | Municipal Bonds | IMNYX vs DFABX | |
| Franklin Income Fund Class A1 | 0.22 | 0.34 | 0.25 | 87 | Diversified Portfolio | IMNYX vs FKINX |
See all 18 diversifiers for IMNYX
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