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
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 -0.15, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.15 | 0.11 | 0.33 | 68 | Large Cap Value Equities | IRLNX vs LEXCX | |
| VY CBRE Real Estate Portfolio | 0.05 | 0.25 | 0.44 | 58 | REIT | IRLNX vs IVRSX | |
| Voya Short Term Bond Fund | 0.20 | 0.14 | 0.13 | 58 | Short-Term Bond | IRLNX vs IISBX | |
| Voya International High Dividend Low Volatility Po... | 0.34 | 0.39 | 0.50 | 58 | Foreign Large Cap Equities | IRLNX vs IFTIX | |
| VY Invesco Comstock Portfolio | 0.35 | 0.48 | 0.59 | 68 | Large Cap Value Equities | IRLNX vs IVKIX |
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