Looking to diversify beyond IPLIX? The mutual funds below have historically moved differently from IPLIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IPLIX
1 mutual funds have low correlation with IPLIX (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 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.03 | 0.29 | 0.49 | 93 | Large Cap Value Equities | IPLIX vs LEXCX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.20 | 0.16 | 97 | Large Cap Blend Equities | IPLIX vs SVPFX | |
| Voya International High Dividend Low Volatility Po... | 0.46 | 0.51 | 0.61 | 89 | Foreign Large Cap Equities, Low Volatility | IPLIX vs IFTIX | |
| Rock Oak Core Growth Fund | 0.50 | 0.62 | 0.76 | 89 | Large Cap Blend Equities | IPLIX vs RCKSX | |
| North Square Preferred and Income Securities Fund | 0.50 | 0.36 | 0.42 | 59 | Preferred Stock | IPLIX vs ORDNX |
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