Looking to diversify beyond CIGEX? The mutual funds below have historically moved differently from CIGEX, 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 CIGEX
5 mutual funds have low correlation with CIGEX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.01, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.01 | 0.37 | 0.54 | 68 | Quality Factor, Global Equities | CIGEX vs GQFPX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.04 | — | — | 99 | Bank Loan | CIGEX vs CAPIX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.12 | 0.24 | 0.43 | 74 | Infrastructure Equities, Global Equities | CIGEX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.22 | 0.34 | 0.52 | 58 | Infrastructure Equities, Global Equities | CIGEX vs FGIAX | |
| Calamos Short-Term Bond Fund | 0.22 | 0.12 | 0.15 | 67 | Short-Term Bond | CIGEX vs CSTIX |
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