Looking to diversify beyond IRCZX? The mutual funds below have the lowest correlation with IRCZX — 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 IRCZX.
Best Diversifiers for IRCZX
1 mutual funds have low correlation with IRCZX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Income Shares (MISHX) (High Yield Muni) with a 1Y correlation of 0.28, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.28 | 0.21 | 0.18 | 71 | High Yield Muni | IRCZX vs MISHX | |
| AB High Income Fund | 0.52 | 0.50 | 0.54 | 69 | High Yield Bonds | IRCZX vs AGDAX | |
| Hood River International Opportunity Fund | 0.77 | 0.77 | — | 94 | Foreign Small & Mid Cap Equities | IRCZX vs HRIOX | |
| Hood River International Opportunity Fund Investor... | 0.77 | — | — | 93 | Foreign Small & Mid Cap Equities | IRCZX vs HRIIX | |
| Lazard International Small Cap Equity Portfolio | 0.78 | 0.85 | 0.89 | 69 | Foreign Small & Mid Cap Equities | IRCZX vs LZISX |
See all 9 diversifiers for IRCZX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements IRCZX
Add IRCZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IRCZX