Looking to diversify beyond IVINX? The mutual funds below have the lowest correlation with IVINX — 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 IVINX.
Best Diversifiers for IVINX
4 mutual funds have low correlation with IVINX (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 0.21, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Floating Rate Fund | 0.21 | 0.22 | 0.26 | 95 | Bank Loan | IVINX vs DDFLX | |
| Delaware Minnesota High-Yield Municipal Bond Fund | 0.22 | 0.16 | 0.14 | 71 | Municipal Bonds | IVINX vs DVMHX | |
| Delaware Tax-Free Minnesota Fund | 0.22 | 0.16 | 0.13 | 69 | Municipal Bonds | IVINX vs DEFFX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.30 | 0.39 | 0.53 | 51 | Global Equities | IVINX vs CSUAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.47 | 0.59 | 0.69 | 76 | Global Equities | IVINX vs RTXAX |
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