Looking to diversify beyond IPIIX? The mutual funds below have the lowest correlation with IPIIX — 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 IPIIX.
Best Diversifiers for IPIIX
0 mutual funds have low correlation with IPIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Russell Large Cap Index Portfolio (IIRLX) (Large Cap Blend Equities) with a 1Y correlation of 0.32, up from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Russell Large Cap Index Portfolio | 0.32 | 0.21 | 0.16 | 60 | Large Cap Blend Equities | IPIIX vs IIRLX | |
| Voya Russell Large Cap Value Index Portfolio | 0.33 | 0.24 | 0.15 | 93 | Large Cap Value Equities | IPIIX vs IRVIX | |
| Voya Mid Cap Research Enhanced Index Fund | 0.33 | 0.25 | 0.16 | 56 | Mid Cap Blend Equities | IPIIX vs VYMSX | |
| Holbrook Income Fund Class I | 0.45 | 0.40 | 0.43 | 98 | Intermediate Core-Plus Bond | IPIIX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.53 | 0.29 | 0.21 | 94 | Intermediate Core-Plus Bond | IPIIX vs LCTIX |
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