Looking to diversify beyond IVIAX? The mutual funds below have historically moved differently from IVIAX, 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 IVIAX
2 mutual funds have low correlation with IVIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Floating Rate Fund (DDFLX) (Bank Loan) with a 1Y correlation of 0.24, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Floating Rate Fund | 0.24 | 0.20 | 0.27 | 94 | Bank Loan | IVIAX vs DDFLX | |
| Federated Hermes International Strategic Value Div... | 0.30 | 0.45 | 0.61 | 87 | Foreign Large Cap Equities | IVIAX vs IVFIX | |
| Delaware Tax Free USA Fund | 0.34 | 0.19 | 0.16 | 54 | Municipal Bonds | IVIAX vs DMTFX | |
| GQG Partners International Quality Dividend Income... | 0.39 | 0.62 | 0.69 | 65 | Quality Factor, Foreign Large Cap Equities | IVIAX vs GQJPX | |
| PIMCO RAE PLUS International Fund | 0.46 | 0.56 | 0.62 | 94 | Foreign Large Cap Equities | IVIAX vs PTSIX |
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