Looking to diversify beyond IVFIX? The mutual funds below have historically moved differently from IVFIX, 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 IVFIX
8 mutual funds have low correlation with IVFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of 0.09, roughly unchanged from 0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | 0.09 | 0.01 | — | 54 | Long-Short | IVFIX vs QAMNX | |
| Federated Hermes MDT All Cap Core Fund | 0.17 | 0.29 | 0.45 | 53 | Large Cap Blend Equities | IVFIX vs QIACX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.17 | 0.29 | 0.38 | 74 | High Yield Bonds | IVFIX vs FHYSX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.21 | 0.32 | 0.41 | 64 | High Yield Bonds | IVFIX vs FIHBX | |
| American Beacon Tocqueville International Value Fu... | 0.25 | 0.36 | 0.54 | 52 | Foreign Large Cap Equities | IVFIX vs TIVFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IVFIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.23, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.23 | 0.31 | 0.46 | 61 | Financial Services |
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