Looking to diversify beyond IPMIX? The mutual funds below have the lowest correlation with IPMIX — 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 IPMIX.
Best Diversifiers for IPMIX
0 mutual funds have low correlation with IPMIX (below 0.3), 0 of which are negatively correlated. The least correlated is 13D Activist Fund (DDDIX) (Mid Cap Blend Equities) with a 1Y correlation of 0.63, down from 0.82 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| 13D Activist Fund | 0.63 | 0.72 | 0.82 | 68 | Mid Cap Blend Equities | IPMIX vs DDDIX | |
| Voya Russell Large Cap Index Portfolio | 0.66 | 0.72 | 0.80 | 64 | Large Cap Blend Equities | IPMIX vs IIRLX | |
| Tarkio Fund | 0.66 | 0.74 | 0.83 | 68 | Mid Cap Blend Equities | IPMIX vs TARKX | |
| Gotham Enhanced Return Fund | 0.67 | 0.69 | 0.78 | 74 | Mid Cap Blend Equities | IPMIX vs GENIX | |
| Quantified Common Ground Fund | 0.67 | 0.74 | 0.79 | 53 | Mid Cap Blend Equities | IPMIX vs QCGDX |
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