Looking to diversify beyond IGD? The mutual funds below have the lowest correlation with IGD — 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 IGD.
Best Diversifiers for IGD
3 mutual funds have low correlation with IGD (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.03, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.03 | 0.29 | 0.41 | 70 | Large Cap Value Equities | IGD vs LEXCX | |
| NXG Cushing® Midstream Energy Fund | 0.07 | 0.21 | 0.30 | 73 | Energy Equities | IGD vs SRV | |
| NXG NextGen Infrastructure Income Fund | 0.23 | 0.32 | — | 76 | Global Equity Income | IGD vs NXG | |
| Clough Global Dividend and Income Fund | 0.32 | 0.40 | 0.43 | 77 | Global Equity Income | IGD vs GLV | |
| Voya International High Dividend Low Volatility Po... | 0.33 | 0.39 | 0.50 | 58 | Foreign Large Cap Equities | IGD vs IFTIX |
See all 12 diversifiers for IGD
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