Looking to diversify beyond CIGYX? The mutual funds below have the lowest correlation with CIGYX — 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 CIGYX.
Best Diversifiers for CIGYX
1 mutual funds have low correlation with CIGYX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Income Shares (MISHX) (High Yield Muni) with a 1Y correlation of 0.26, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.26 | 0.22 | 0.20 | 72 | High Yield Muni | CIGYX vs MISHX | |
| SA International Value Fund | 0.48 | 0.54 | 0.62 | 88 | Foreign Large Cap Equities | CIGYX vs SAHMX | |
| AB High Income Fund | 0.50 | 0.49 | 0.54 | 71 | High Yield Bonds | CIGYX vs AGDAX | |
| Kopernik International Fund | 0.51 | 0.43 | 0.54 | 54 | Foreign Large Cap Equities | CIGYX vs KGIIX | |
| EuroPac International Dividend Income Fund Class A | 0.52 | 0.56 | 0.61 | 74 | Foreign Large Cap Equities, Dividend | CIGYX vs EPDPX |
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