Looking to diversify beyond IYSAX? The mutual funds below have historically moved differently from IYSAX, 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 IYSAX
2 mutual funds have low correlation with IYSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware National High-Yield Municipal Bond Fund (CXHYX) (High Yield Muni) with a 1Y correlation of 0.23, up from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware National High-Yield Municipal Bond Fund | 0.23 | 0.15 | 0.10 | 72 | High Yield Muni | IYSAX vs CXHYX | |
| Delaware Tax Free USA Fund | 0.24 | 0.16 | 0.11 | 75 | Municipal Bonds | IYSAX vs DMTFX | |
| Delaware Emerging Markets Fund | 0.44 | 0.45 | 0.51 | 91 | Emerging Markets Equities | IYSAX vs DEMIX | |
| DFA International Small Company Portfolio | 0.64 | 0.66 | 0.71 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | IYSAX vs DFISX | |
| Auer Growth Fund | 0.68 | 0.75 | 0.79 | 91 | Small Cap Blend Equities | IYSAX vs AUERX |
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