Looking to diversify beyond IOLZX? The mutual funds below have historically moved differently from IOLZX, 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 IOLZX
0 mutual funds have low correlation with IOLZX (below 0.3), 0 of which are negatively correlated. The least correlated is ICON FlexibleBondFund (IOBZX) (Multisector Bonds) with a 1Y correlation of 0.47, roughly unchanged from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ICON FlexibleBondFund | 0.47 | 0.39 | 0.38 | 86 | Multisector Bonds | IOLZX vs IOBZX | |
| Adams Diversified Equity Fund, Inc. | 0.59 | 0.64 | 0.74 | 83 | Large Cap Blend Equities | IOLZX vs ADX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.60 | 0.55 | 0.62 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | IOLZX vs QQQX | |
| ICON Equity Income Fund | 0.60 | 0.73 | 0.78 | 94 | Diversified Portfolio | IOLZX vs IOEZX | |
| Fidelity OTC Portfolio | 0.63 | 0.56 | 0.68 | 76 | Large Cap Growth Equities | IOLZX vs FOCPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IOLZX, 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 Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.13, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.13 | 0.36 | 0.49 | 53 | Financial Services |
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