Looking to diversify beyond IPHYX? The mutual funds below have the lowest correlation with IPHYX — 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 IPHYX.
Best Diversifiers for IPHYX
4 mutual funds have low correlation with IPHYX (below 0.3), 1 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.03, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.03 | 0.22 | 0.31 | 52 | Large Cap Value Equities | IPHYX vs LEXCX | |
| Pioneer ILS Interval Fund | 0.03 | 0.07 | 0.05 | 100 | High Yield Bonds | IPHYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.05 | 0.08 | 0.09 | 100 | High Yield Bonds | IPHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.17 | 0.18 | 0.26 | 100 | High Yield Bonds | IPHYX vs RPHIX | |
| RiverPark Strategic Income Fund | 0.37 | 0.33 | 0.40 | 68 | High Yield Bonds | IPHYX vs RSIIX |
See all 77 diversifiers for IPHYX
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