Looking to diversify beyond IGA? The mutual funds below have the lowest correlation with IGA — 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 IGA.
Best Diversifiers for IGA
4 mutual funds have low correlation with IGA (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.12, up from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.12 | 0.02 | -0.05 | 86 | Global Allocation | IGA vs LFMIX | |
| Voya Corporate Leaders Trust Fund | 0.14 | 0.35 | 0.48 | 70 | Large Cap Value Equities | IGA vs LEXCX | |
| Wilmington Real Asset Fund | 0.27 | 0.36 | 0.45 | 77 | Global Allocation | IGA vs WMRIX | |
| Allspring Absolute Return Fund | 0.28 | 0.42 | 0.46 | 88 | Global Allocation | IGA vs WARAX | |
| Hartford Real Asset Fund | 0.33 | 0.40 | 0.49 | 90 | Global Allocation | IGA vs HRLYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGA and solid risk/return profiles. The least correlated is Abrdn Total Dynamic Dividend Fund (AOD) (Financial Services) with a 1Y correlation of 0.53, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Abrdn Total Dynamic Dividend Fund | 0.53 | 0.54 | 0.65 | 87 | Financial Services |
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