Looking to diversify beyond IGBIX? The mutual funds below have the lowest correlation with IGBIX — 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 IGBIX.
Best Diversifiers for IGBIX
2 mutual funds have low correlation with IGBIX (below 0.3), 1 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.04, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.04 | 0.08 | 0.14 | 68 | Large Cap Value Equities | IGBIX vs LEXCX | |
| DFA Two Year Global Fixed Income Portfolio | 0.20 | 0.08 | 0.31 | 100 | Global Bonds | IGBIX vs DFGFX | |
| Voya Russell Large Cap Value Index Portfolio | 0.36 | 0.26 | 0.27 | 94 | Large Cap Value Equities | IGBIX vs IRVIX | |
| Voya Russell Large Cap Index Portfolio | 0.38 | 0.26 | 0.27 | 60 | Large Cap Blend Equities | IGBIX vs IIRLX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.47 | 0.49 | 0.48 | 98 | Global Bonds | IGBIX vs DGFFX |
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