Looking to diversify beyond INPFX? The mutual funds below have the lowest correlation with INPFX — 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 INPFX.
Best Diversifiers for INPFX
2 mutual funds have low correlation with INPFX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.04, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.04 | 0.16 | 0.28 | 73 | Diversified Portfolio | INPFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.20 | 0.47 | 64 | Diversified Portfolio | INPFX vs MHELX | |
| Federated Hermes Capital Income Fund | 0.33 | 0.64 | 0.79 | 85 | Diversified Portfolio | INPFX vs CAPAX | |
| Virtus Diversified Income & Convertible Fund | 0.46 | 0.54 | 0.58 | 60 | Diversified Portfolio | INPFX vs ACV | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.46 | 0.65 | 0.70 | 95 | Diversified Portfolio | INPFX vs FCSRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INPFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INPFX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.40, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.40 | 0.41 | 0.53 | 89 | Technology |
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