Looking to diversify beyond IGHAX? The mutual funds below have the lowest correlation with IGHAX — 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 IGHAX.
Best Diversifiers for IGHAX
1 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 0.23, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | 0.23 | 0.29 | 0.41 | 82 | Technology Equities, Global Equities | IGHAX vs PGTIX | |
| GMO Climate Change Fund | 0.41 | 0.52 | 0.61 | 83 | Global Equities | IGHAX vs GCCHX | |
| Oberweis Global Opportunities Fund | 0.41 | 0.49 | 0.60 | 70 | Global Equities | IGHAX vs OBEGX | |
| New Alternatives Fund | 0.43 | 0.55 | 0.62 | 54 | Global Equities | IGHAX vs NALFX | |
| Calvert Global Energy Solutions Fund | 0.49 | 0.57 | 0.67 | 72 | Global Equities | IGHAX vs CAEIX |
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