Looking to diversify beyond IGD? The mutual funds below have historically moved differently from IGD, 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 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 0.04, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.04 | 0.27 | 0.41 | 93 | Large Cap Value Equities | IGD vs LEXCX | |
| NXG Cushing® Midstream Energy Fund | 0.07 | 0.22 | 0.29 | 58 | Energy Equities | IGD vs SRV | |
| Voya Emerging Markets High Dividend Equity Fund | 0.30 | 0.32 | 0.40 | 81 | Emerging Markets Equities | IGD vs IHD | |
| Clough Global Dividend and Income Fund | 0.35 | 0.39 | 0.43 | 76 | Global Equity Income | IGD vs GLV | |
| Voya International High Dividend Low Volatility Po... | 0.38 | 0.39 | 0.50 | 89 | Foreign Large Cap Equities, Low Volatility | IGD vs IFTIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IGD, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.12, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.12 | 0.21 | 0.29 | 77 | Real Estate | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.23 | 0.21 | 0.27 | 78 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.30 | 0.38 | 0.43 | 74 | Financial Services | |
| AGNC Investment Corp. | 0.35 | 0.39 | 0.43 | 79 | Real Estate | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.40 | 0.40 | 0.46 | 66 | Financial Services |
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