Looking to diversify beyond IPFCX? The mutual funds below have the lowest correlation with IPFCX — 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 IPFCX.
Best Diversifiers for IPFCX
1 mutual funds have low correlation with IPFCX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.16 | 0.49 | 67 | Diversified Portfolio | IPFCX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.36 | 0.35 | 0.37 | 99 | Diversified Portfolio | IPFCX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.42 | 0.45 | 0.51 | 81 | Diversified Portfolio | IPFCX vs BLNDX | |
| Chartwell Income Fund | 0.43 | 0.51 | 0.55 | 58 | Diversified Portfolio | IPFCX vs BERIX | |
| PGIM Real Assets Fund | 0.43 | 0.58 | 0.66 | 75 | Diversified Portfolio | IPFCX vs PUDZX |
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