Looking to diversify beyond IRONX? The mutual funds below have the lowest correlation with IRONX — 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 IRONX.
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 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Princeton Premium Fund | 0.18 | 0.14 | 0.17 | 100 | Options Trading | IRONX vs PPFIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.32 | 0.19 | 0.14 | 92 | Long-Short | IRONX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.45 | 0.35 | 0.22 | 69 | Systematic Trend | IRONX vs ASFYX | |
| Rational Tactical Return Fund | 0.49 | 0.35 | 0.25 | 80 | Options Trading | IRONX vs HRSTX | |
| Gateway Fund Class Y Shares | 0.74 | 0.73 | 0.80 | 72 | Options Trading | IRONX vs GTEYX |
See all 23 diversifiers for IRONX
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