Looking to diversify beyond IPBAX? The mutual funds below have the lowest correlation with IPBAX — 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 IPBAX.
Best Diversifiers for IPBAX
16 mutual funds have low correlation with IPBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Income Fund (SADIX) (Ultrashort Bond) with a 1Y correlation of 0.11, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.11 | 0.25 | 0.33 | 98 | Ultrashort Bond | IPBAX vs SADIX | |
| SEI Institutional Investments Trust Real Return Fu... | 0.22 | 0.42 | 0.57 | 74 | Inflation-Protected Bonds | IPBAX vs RRPAX | |
| Allspring Short-Term Bond Plus Fund | 0.22 | 0.39 | 0.47 | 81 | Short-Term Bond | IPBAX vs SSHIX | |
| iShares Short-Term TIPS Bond Index Fund | 0.22 | 0.39 | 0.53 | 55 | Inflation-Protected Bonds | IPBAX vs BIIPX | |
| Lord Abbett Inflation Focused Fund | 0.23 | 0.38 | 0.51 | 74 | Inflation-Protected Bonds | IPBAX vs LIFIX |
See all 26 diversifiers for IPBAX
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