Looking to diversify beyond IRLNX? The mutual funds below have the lowest correlation with IRLNX — 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 IRLNX.
Best Diversifiers for IRLNX
0 mutual funds have low correlation with IRLNX (below 0.3), 0 of which are negatively correlated. The least correlated is VY Columbia Small Cap Value II Portfolio (ICISX) (Small Cap Value Equities) with a 1Y correlation of 0.39, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VY Columbia Small Cap Value II Portfolio | 0.39 | 0.49 | 0.61 | 87 | Small Cap Value Equities | IRLNX vs ICISX | |
| VY Invesco Comstock Portfolio | 0.40 | 0.50 | 0.60 | 62 | Large Cap Value Equities | IRLNX vs IVKIX | |
| ICON Equity Fund | 0.48 | 0.46 | 0.62 | 84 | Large Cap Growth Equities | IRLNX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.51 | 0.58 | 0.69 | 80 | Large Cap Growth Equities | IRLNX vs DNVYX | |
| Voya Index Plus SmallCap Portfolio | 0.52 | 0.55 | 0.64 | 86 | Small Cap Blend Equities | IRLNX vs IPSIX |
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