Looking to diversify beyond IGIEX? The mutual funds below have historically moved differently from IGIEX, 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 IGIEX
1 mutual funds have low correlation with IGIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) (Emerging Markets Equities) with a 1Y correlation of 0.18, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.18 | 0.27 | 0.30 | 96 | Emerging Markets Equities | IGIEX vs ESCIX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.42 | 0.35 | 0.33 | 51 | Emerging Markets Bonds | IGIEX vs EDD | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.45 | 0.55 | 0.59 | 96 | Emerging Markets Bonds | IGIEX vs DBLLX | |
| Ashmore Emerging Markets Equity ESG Fund | 0.46 | 0.33 | 0.32 | 85 | Emerging Markets Equities | IGIEX vs ESIGX | |
| Ashmore Emerging Markets Equity Fund | 0.46 | 0.33 | 0.32 | 82 | Emerging Markets Equities | IGIEX vs EMFIX |
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