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
2 mutual funds have low correlation with IPIRX (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 0.13, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.13 | 0.39 | 0.51 | 53 | Large Cap Value Equities | IPIRX vs LEXCX | |
| LoCorr Macro Strategies Fund Class I | 0.26 | 0.03 | -0.09 | 88 | Global Allocation | IPIRX vs LFMIX | |
| Wilmington Real Asset Fund | 0.37 | 0.58 | 0.62 | 84 | Global Allocation | IPIRX vs WMRIX | |
| Hartford Real Asset Fund | 0.41 | 0.59 | 0.65 | 97 | Global Allocation | IPIRX vs HRLYX | |
| Allspring Absolute Return Fund | 0.45 | 0.62 | 0.58 | 94 | Global Allocation | IPIRX vs WARAX |
See all 63 diversifiers for IPIRX
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