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 0.26, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax-Free Idaho Fund | 0.26 | 0.19 | 0.12 | 76 | Municipal Bonds | IVOIX vs VIDAX | |
| Delaware Emerging Markets Fund | 0.27 | 0.38 | 0.45 | 98 | Emerging Markets Diversified | IVOIX vs DEMIX | |
| Delaware Limited-Term Diversified Income Fund | 0.36 | 0.21 | 0.15 | 74 | Short-Term Bond | IVOIX vs DTRIX | |
| Delaware Emerging Markets Debt Corporate Fund | 0.43 | 0.32 | 0.27 | 90 | Emerging Markets Bonds | IVOIX vs DEDIX | |
| Delaware Ivy Natural Resources Fund | 0.45 | 0.55 | 0.60 | 72 | Energy Equities | IVOIX vs IGNAX |
See all 30 diversifiers for IVOIX
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Diversification Analysis
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