Looking to diversify beyond IVOIX? The mutual funds below have the lowest correlation with IVOIX — 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 IVOIX.
Best Diversifiers for IVOIX
2 mutual funds have low correlation with IVOIX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Tax-Free Idaho Fund (VIDAX) (Municipal Bonds) with a 1Y correlation of 0.25, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax-Free Idaho Fund | 0.25 | 0.20 | 0.13 | 86 | Municipal Bonds | IVOIX vs VIDAX | |
| Delaware Emerging Markets Fund | 0.28 | 0.37 | 0.45 | 95 | Emerging Markets Diversified | IVOIX vs DEMIX | |
| Delaware Tax Free USA Fund | 0.32 | 0.22 | 0.15 | 64 | Municipal Bonds | IVOIX vs DMTFX | |
| Delaware Limited-Term Diversified Income Fund | 0.35 | 0.21 | 0.16 | 79 | Short-Term Bond | IVOIX vs DTRIX | |
| Delaware Emerging Markets Debt Corporate Fund | 0.41 | 0.33 | 0.27 | 86 | Emerging Markets Bonds | IVOIX vs DEDIX |
See all 33 diversifiers for IVOIX
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Diversification Analysis
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