Looking to diversify beyond IMRFX? The mutual funds below have the lowest correlation with IMRFX — 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 IMRFX.
Best Diversifiers for IMRFX
1 mutual funds have low correlation with IMRFX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.22, up from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.22 | 0.05 | -0.09 | 85 | Global Allocation | IMRFX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.44 | 0.41 | 0.65 | 57 | Global Allocation | IMRFX vs MHESX | |
| Hartford Real Asset Fund | 0.45 | 0.58 | 0.67 | 88 | Global Allocation | IMRFX vs HRLYX | |
| Lazard Real Assets Portfolio | 0.47 | 0.61 | 0.68 | 59 | Global Allocation | IMRFX vs RALIX | |
| Allspring Absolute Return Fund | 0.51 | 0.65 | 0.61 | 91 | Global Allocation | IMRFX vs WARAX |
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