Looking to diversify beyond IPFCX? The mutual funds below have historically moved differently from IPFCX, 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 IPFCX
2 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 0.05, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.13 | 0.48 | 66 | Diversified Portfolio | IPFCX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.07 | 0.18 | 0.27 | 83 | Diversified Portfolio | IPFCX vs SIFAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.36 | 0.35 | 0.37 | 99 | Diversified Portfolio | IPFCX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.37 | 0.43 | 0.49 | 84 | Diversified Portfolio | IPFCX vs BLNDX | |
| AB Emerging Markets Multi-Asset Portfolio | 0.41 | 0.45 | 0.51 | 62 | Diversified Portfolio | IPFCX vs ABIEX |
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