Looking to diversify beyond INPFX? The mutual funds below have historically moved differently from INPFX, 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 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 -0.05, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.05 | 0.12 | 0.25 | 83 | Diversified Portfolio | INPFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.16 | 0.45 | 66 | Diversified Portfolio | INPFX vs MHELX | |
| Federated Hermes Capital Income Fund | 0.46 | 0.64 | 0.80 | 72 | Diversified Portfolio | INPFX vs CAPAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.48 | 0.44 | 0.49 | 99 | Diversified Portfolio | INPFX vs STDAX | |
| Fidelity Strategic Real Return Fund | 0.49 | 0.64 | 0.69 | 95 | Diversified Portfolio | INPFX vs FSRRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for INPFX, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.41, roughly unchanged from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.41 | 0.37 | 0.48 | 89 | Technology | |
| American Express Company | 0.51 | 0.55 | 0.60 | 58 | Financial Services |
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