Looking to diversify beyond IVOIX? The mutual funds below have historically moved differently from IVOIX, 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 IVOIX
2 mutual funds have low correlation with IVOIX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Emerging Markets Fund (DEMIX) (Emerging Markets Equities) with a 1Y correlation of 0.24, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 0.24 | 0.34 | 0.43 | 91 | Emerging Markets Equities | IVOIX vs DEMIX | |
| Delaware Tax-Free Idaho Fund | 0.29 | 0.20 | 0.13 | 87 | Municipal Bonds | IVOIX vs VIDAX | |
| Delaware National High-Yield Municipal Bond Fund | 0.35 | 0.21 | 0.14 | 72 | High Yield Muni | IVOIX vs CXHYX | |
| Delaware Limited-Term Diversified Income Fund | 0.35 | 0.20 | 0.16 | 84 | Short-Term Bond | IVOIX vs DTRIX | |
| Delaware Tax Free USA Fund | 0.35 | 0.22 | 0.15 | 75 | Municipal Bonds | IVOIX vs DMTFX |
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