Looking to diversify beyond INIVX? The mutual funds below have the lowest correlation with INIVX — 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 INIVX.
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 Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.30, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.30 | 0.25 | 0.26 | 96 | Semiconductors, Technology Equities | INIVX vs FSELX | |
| Northern Income Equity Fund | 0.33 | 0.29 | 0.32 | 74 | Large Cap Value Equities | INIVX vs NOIEX | |
| VanEck Emerging Markets Fund | 0.38 | 0.38 | 0.40 | 70 | Emerging Markets Diversified | INIVX vs GBFAX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.39 | 0.31 | 0.32 | 65 | Large Cap Blend Equities | INIVX vs VTSAX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INIVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INIVX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.19, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.19 | 0.14 | 0.17 | 72 | Technology | |
| Gold Fields Limited | 0.87 | 0.80 | 0.78 | 63 | Basic Materials |
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