Looking to diversify beyond MYIFX? The mutual funds below have historically moved differently from MYIFX, 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 MYIFX
0 mutual funds have low correlation with MYIFX (below 0.3), 0 of which are negatively correlated. The least correlated is ICON Equity Fund (IOLZX) (Large Cap Growth Equities) with a 1Y correlation of 0.70, roughly unchanged from 0.74 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ICON Equity Fund | 0.70 | 0.65 | 0.74 | 80 | Large Cap Growth Equities | MYIFX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.74 | 0.77 | 0.82 | 90 | Large Cap Growth Equities | MYIFX vs DNVYX | |
| PRIMECAP Odyssey Growth Fund | 0.79 | 0.80 | 0.86 | 89 | Large Cap Blend Equities | MYIFX vs POGRX | |
| Vanguard PRIMECAP Fund Investor Shares | 0.81 | 0.83 | 0.88 | 90 | Large Cap Growth Equities | MYIFX vs VPMCX | |
| Chase Growth Fund | 0.81 | 0.86 | 0.88 | 82 | Large Cap Growth Equities | MYIFX vs CHASX |
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