Looking to diversify beyond CIGIX? The mutual funds below have historically moved differently from CIGIX, 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 CIGIX
5 mutual funds have low correlation with CIGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.20, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.20 | 0.36 | 0.53 | 88 | Foreign Large Cap Equities | CIGIX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.25 | 0.63 | 0.74 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | CIGIX vs GSIYX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.25 | 0.63 | 0.74 | 61 | Foreign Large Cap Equities | CIGIX vs GSIMX | |
| Calamos Short-Term Bond Fund | 0.26 | 0.18 | 0.20 | 79 | Short-Term Bond | CIGIX vs CSTIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.27 | 0.63 | 0.74 | 61 | Foreign Large Cap Equities | CIGIX vs GSINX |
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