Looking to diversify beyond INIVX? The mutual funds below have historically moved differently from INIVX, 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 INIVX
0 mutual funds have low correlation with INIVX (below 0.3), 0 of which are negatively correlated. The least correlated is Northern Income Equity Fund (NOIEX) (Large Cap Value Equities) with a 1Y correlation of 0.35, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Northern Income Equity Fund | 0.35 | 0.29 | 0.32 | 78 | Large Cap Value Equities, Dividend, Actively Managed | INIVX vs NOIEX | |
| Fidelity Select Semiconductors Portfolio | 0.35 | 0.24 | 0.26 | 80 | Semiconductors, Technology Equities | INIVX vs FSELX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.43 | 0.31 | 0.32 | 64 | Large Cap Blend Equities | INIVX vs VTSAX | |
| VanEck Global Resources Fund | 0.75 | 0.67 | 0.63 | 66 | Energy Equities | INIVX vs GHAAX | |
| U.S. Global Investors World Precious Minerals Fund | 0.89 | 0.82 | 0.82 | 56 | Precious Metals | INIVX vs UNWPX |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for INIVX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.25, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.25 | 0.14 | 0.18 | 56 | Technology | |
| Gold Fields Limited | 0.88 | 0.80 | 0.78 | 64 | Basic Materials |
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