Looking to diversify beyond IPIRX? The mutual funds below have the lowest correlation with IPIRX — 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 IPIRX.
Best Diversifiers for IPIRX
1 mutual funds have low correlation with IPIRX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.26, up from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.26 | 0.04 | -0.09 | 87 | Global Allocation | IPIRX vs LFMIX | |
| Hartford Real Asset Fund | 0.42 | 0.59 | 0.64 | 88 | Global Allocation | IPIRX vs HRLYX | |
| Allspring Absolute Return Fund | 0.45 | 0.62 | 0.58 | 87 | Global Allocation | IPIRX vs WARAX | |
| Lazard Real Assets Portfolio | 0.47 | 0.64 | 0.68 | 64 | Global Allocation | IPIRX vs RALIX | |
| MH Elite Select Portfolio of Funds Fund | 0.49 | 0.43 | 0.66 | 67 | Global Allocation | IPIRX vs MHESX |
See all 50 diversifiers for IPIRX
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