Looking to diversify beyond IPMIX? The mutual funds below have historically moved differently from IPMIX, 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 IPMIX
1 mutual funds have low correlation with IPMIX (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 0.16, down from 0.59 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 | 0.16 | 0.45 | 0.59 | 93 | Large Cap Value Equities | IPMIX vs LEXCX | |
| Voya International High Dividend Low Volatility Po... | 0.51 | 0.55 | 0.64 | 89 | Foreign Large Cap Equities, Low Volatility | IPMIX vs IFTIX | |
| 13D Activist Fund | 0.62 | 0.72 | 0.81 | 78 | Mid Cap Blend Equities | IPMIX vs DDDIX | |
| Victory RS Investors Fund | 0.63 | 0.71 | 0.80 | 73 | Mid Cap Blend Equities | IPMIX vs RSINX | |
| Gabelli Value 25 Fund | 0.65 | 0.72 | 0.81 | 80 | Mid Cap Blend Equities | IPMIX vs GABVX |
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