Looking to diversify beyond IGHAX? The mutual funds below have historically moved differently from IGHAX, 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 IGHAX
4 mutual funds have low correlation with IGHAX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund I Class (PGTIX) (Technology Equities) with a 1Y correlation of 0.17, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | 0.17 | 0.26 | 0.39 | 51 | Technology Equities, Global Equities | IGHAX vs PGTIX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.22 | 0.19 | 0.31 | 95 | Multistrategy, Systematic Trend, Global Equities | IGHAX vs MBXIX | |
| American Funds The New Economy Fund® Class F-2 | 0.28 | 0.41 | 0.56 | 74 | Global Equities | IGHAX vs NEFFX | |
| American Funds The New Economy Fund Class A | 0.28 | 0.41 | 0.56 | 75 | Global Equities, Actively Managed | IGHAX vs ANEFX | |
| Oberweis Global Opportunities Fund | 0.32 | 0.46 | 0.57 | 51 | Global Equities | IGHAX vs OBEGX |
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