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
1 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 0.08, up from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.08 | 0.02 | -0.04 | 86 | Global Allocation | IGA vs LFMIX | |
| Allspring Absolute Return Fund | 0.31 | 0.43 | 0.46 | 92 | Global Allocation | IGA vs WARAX | |
| Hartford Real Asset Fund | 0.34 | 0.42 | 0.50 | 88 | Global Allocation | IGA vs HRLYX | |
| Lazard Real Assets Portfolio | 0.41 | 0.46 | 0.53 | 63 | Global Allocation | IGA vs RALIX | |
| Adams Diversified Equity Fund, Inc. | 0.42 | 0.48 | 0.61 | 61 | Large Cap Blend Equities | IGA vs ADX |
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