Looking to diversify beyond IPBAX? The mutual funds below have historically moved differently from IPBAX, 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 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 0.13, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.13 | 0.24 | 0.33 | 99 | Ultrashort Bond | IPBAX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.18 | 0.37 | 0.46 | 84 | Short-Term Bond | IPBAX vs SSHIX | |
| SEI Multi-Asset Real Return Fund Class A | 0.24 | 0.26 | 0.35 | 86 | Inflation-Protected Bonds | IPBAX vs SEIAX | |
| SEI Institutional Investments Trust Real Return Fu... | 0.24 | 0.40 | 0.56 | 78 | Inflation-Protected Bonds | IPBAX vs RRPAX | |
| iShares Short-Term TIPS Bond Index Fund Class K | 0.24 | 0.37 | 0.52 | 59 | Inflation-Protected Bonds | IPBAX vs BKIPX |
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