Looking to diversify beyond IGA? The mutual funds below have historically moved differently from IGA, 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 IGA
5 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 0.09, up from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.09 | 0.02 | -0.06 | 83 | Global Allocation | IGA vs LFMIX | |
| Voya Corporate Leaders Trust Fund | 0.12 | 0.35 | 0.48 | 94 | Large Cap Value Equities | IGA vs LEXCX | |
| Wilmington Real Asset Fund | 0.25 | 0.35 | 0.44 | 92 | Global Allocation | IGA vs WMRIX | |
| Allspring Absolute Return Fund | 0.26 | 0.41 | 0.45 | 86 | Global Allocation | IGA vs WARAX | |
| Hartford Real Asset Fund | 0.28 | 0.38 | 0.48 | 97 | Global Allocation | IGA vs HRLYX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IGA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| abrdn Total Dynamic Dividend Fund | 0.53 | 0.54 | 0.65 | 89 | Financial Services |
Build a portfolio that complements IGA
Add IGA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IGA