Looking to diversify beyond IRMIX? The mutual funds below have the lowest correlation with IRMIX — 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 IRMIX.
Best Diversifiers for IRMIX
2 mutual funds have low correlation with IRMIX (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 -0.00, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.00 | 0.31 | 0.45 | 68 | Large Cap Value Equities | IRMIX vs LEXCX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.15 | 0.45 | 67 | Diversified Portfolio | IRMIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.56 | 0.59 | 91 | Diversified Portfolio | IRMIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.56 | 0.59 | 86 | Diversified Portfolio | IRMIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.56 | 0.60 | 90 | Diversified Portfolio | IRMIX vs FSIRX |
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