Looking to diversify beyond IESGX? The mutual funds below have historically moved differently from IESGX, 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 IESGX
6 mutual funds have low correlation with IESGX (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 0.08, down from 0.55 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 | 0.08 | 0.42 | 0.55 | 70 | Quality Factor, Global Equities | IESGX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.17 | 0.33 | 0.51 | 79 | Infrastructure Equities, Global Equities | IESGX vs CSUAX | |
| SIT Minnesota Tax Free Income Fund | 0.22 | 0.13 | 0.14 | 84 | Municipal Bonds | IESGX vs SMTFX | |
| Nuveen Global Infrastructure Fund Class A | 0.25 | 0.42 | 0.59 | 66 | Infrastructure Equities, Global Equities | IESGX vs FGIAX | |
| SIT Tax Free Income Fund | 0.26 | 0.15 | 0.16 | 91 | Municipal Bonds | IESGX vs SNTIX |
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