Looking to diversify beyond IRLNX? The mutual funds below have historically moved differently from IRLNX, 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 IRLNX
3 mutual funds have low correlation with IRLNX (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 -0.18, down from 0.31 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 | -0.18 | 0.10 | 0.31 | 94 | Large Cap Value Equities | IRLNX vs LEXCX | |
| VY CBRE Real Estate Portfolio | 0.04 | 0.24 | 0.43 | 73 | REIT | IRLNX vs IVRSX | |
| VY American Century Small-Mid Cap Value Portfolio | 0.23 | 0.35 | 0.53 | 70 | Mid Cap Value Equities | IRLNX vs IACIX | |
| Voya Global High Dividend Low Volatility Fund | 0.32 | 0.36 | 0.53 | 57 | Global Equities, Low Volatility | IRLNX vs NAWGX | |
| Voya Global High Dividend Low Volatility Portfolio | 0.32 | 0.39 | 0.54 | 85 | Global Equities, Low Volatility | IRLNX vs IGHAX |
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