Looking to diversify beyond IVINX? The mutual funds below have historically moved differently from IVINX, 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 IVINX
7 mutual funds have low correlation with IVINX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.09, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.09 | 0.46 | 0.60 | 70 | Quality Factor, Global Equities | IVINX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.22 | 0.35 | 0.51 | 79 | Infrastructure Equities, Global Equities | IVINX vs CSUAX | |
| Delaware Floating Rate Fund | 0.23 | 0.22 | 0.26 | 96 | Bank Loan | IVINX vs DDFLX | |
| Delaware Minnesota High-Yield Municipal Bond Fund | 0.26 | 0.17 | 0.15 | 84 | Municipal Bonds | IVINX vs DVMHX | |
| Delaware Tax-Free Minnesota Fund | 0.28 | 0.17 | 0.14 | 74 | Municipal Bonds | IVINX vs DEFFX |
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