Looking to diversify beyond IRONX? The mutual funds below have historically moved differently from IRONX, 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 IRONX
1 mutual funds have low correlation with IRONX (below 0.3), 0 of which are negatively correlated. The least correlated is Princeton Premium Fund (PPFIX) (Options Trading) with a 1Y correlation of 0.18, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Princeton Premium Fund | 0.18 | 0.15 | 0.16 | 100 | Options Trading | IRONX vs PPFIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.39 | 0.22 | 0.15 | 98 | Equity Market Neutral | IRONX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.39 | 0.22 | 0.15 | 97 | Equity Market Neutral | IRONX vs BDMAX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.45 | 0.35 | 0.21 | 67 | Systematic Trend | IRONX vs ASFYX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.50 | 0.31 | 0.30 | 52 | Total Bond Market | IRONX vs BSIIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IRONX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.63 | 0.68 | 0.72 | 89 |
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