Looking to diversify beyond IRCPX? The mutual funds below have the lowest correlation with IRCPX — 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 IRCPX.
Best Diversifiers for IRCPX
2 mutual funds have low correlation with IRCPX (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 0.03, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.03 | 0.27 | 0.36 | 53 | Large Cap Value Equities | IRCPX vs LEXCX | |
| MH Elite Small Cap Fund of Funds Fund | 0.12 | 0.18 | 0.37 | 64 | Diversified Portfolio | IRCPX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.52 | 0.55 | 96 | Diversified Portfolio | IRCPX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.52 | 0.54 | 95 | Diversified Portfolio | IRCPX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.33 | 0.53 | 0.55 | 96 | Diversified Portfolio | IRCPX vs FSRRX |
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