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Nuveen Global Infrastructure Fund (FGIYX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks long-term growth of capital and income. The fund normally invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in equity securities issued by U.S. and non-U.S. infrastructure-related companies. It normally will invest at least 40% of its net assets in securities of non-U.S. issuers and, in any case, will invest at least 30% of its net assets in such issuers. The fund diversifies its investments among a number of different countries throughout the world. Up to 25% of the fund's total assets may be invested in equity securities of emerging market issuers.

Looking to diversify beyond FGIYX? The mutual funds below have the lowest correlation with FGIYX — 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 FGIYX.

Best Diversifiers for FGIYX

10 mutual funds have low correlation with FGIYX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) (High Yield Muni) with a 1Y correlation of 0.13, roughly unchanged from 0.16 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NVHIX
Nuveen Short Duration High Yield Municipal Bond Fu...0.130.190.16
65
High Yield MuniFGIYX vs NVHIX
FSENX
Fidelity Select Energy Portfolio0.200.340.42
51
Energy EquitiesFGIYX vs FSENX
NSIOX
Nuveen Strategic Municipal Opportunities Fund0.230.280.23
53
High Yield MuniFGIYX vs NSIOX
NHMFX
Nuveen High Yield Municipal Bond Fund Class R60.240.280.24
66
High Yield MuniFGIYX vs NHMFX
NPSRX
Nuveen Preferred Securities & Income Fund0.250.380.39
74
Preferred Stock/Convertible BondsFGIYX vs NPSRX
See all 40 diversifiers for FGIYX

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