Looking to diversify beyond IPFPX? The mutual funds below have the lowest correlation with IPFPX — 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 IPFPX.
Best Diversifiers for IPFPX
0 mutual funds have low correlation with IPFPX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.38, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.38 | 0.60 | 0.70 | 70 | Large Cap Value Equities | IPFPX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.40 | 0.60 | 0.73 | 86 | Large Cap Value Equities | IPFPX vs YAFFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.51 | 0.64 | 0.74 | 84 | Large Cap Value Equities | IPFPX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.58 | 0.71 | 0.79 | 60 | Large Cap Value Equities | IPFPX vs BUFBX | |
| Fidelity Large Cap Stock Fund | 0.58 | 0.64 | 0.78 | 73 | Large Cap Blend Equities | IPFPX vs FLCSX |
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