Looking to diversify beyond INEAX? The mutual funds below have the lowest correlation with INEAX — 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 INEAX.
Best Diversifiers for INEAX
4 mutual funds have low correlation with INEAX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.03, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.03 | 0.21 | 0.31 | 50 | High Yield Bonds | INEAX vs FOCIX | |
| Cliffwater Corporate Lending Fund | 0.07 | 0.09 | 0.10 | 100 | High Yield Bonds | INEAX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.10 | 0.10 | 0.06 | 100 | High Yield Bonds | INEAX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.22 | 0.18 | 0.25 | 100 | High Yield Bonds | INEAX vs RPHIX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.46 | 0.46 | 0.48 | 80 | Large Cap Value Equities, Dividend | INEAX vs CDDYX |
See all 27 diversifiers for INEAX
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