Looking to diversify beyond IVIAX? The mutual funds below have the lowest correlation with IVIAX — 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 IVIAX.
Best Diversifiers for IVIAX
0 mutual funds have low correlation with IVIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.35, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.35 | 0.47 | 0.62 | 61 | Foreign Large Cap Equities | IVIAX vs IVFIX | |
| Delaware Tax Free USA Fund | 0.35 | 0.19 | 0.15 | 62 | Municipal Bonds | IVIAX vs DMTFX | |
| PIMCO RAE PLUS International Fund | 0.50 | 0.58 | 0.63 | 82 | Foreign Large Cap Equities | IVIAX vs PTSIX | |
| EuroPac International Dividend Income Fund Class A | 0.55 | 0.60 | 0.68 | 75 | Foreign Large Cap Equities, Dividend | IVIAX vs EPDPX | |
| SA International Value Fund | 0.56 | 0.62 | 0.72 | 89 | Foreign Large Cap Equities | IVIAX vs SAHMX |
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