Looking to diversify beyond IGIEX? The mutual funds below have the lowest correlation with IGIEX — 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 IGIEX.
Best Diversifiers for IGIEX
2 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 Diversified) with a 1Y correlation of 0.16, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.16 | 0.27 | 0.30 | 87 | Emerging Markets Diversified | IGIEX vs ESCIX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.23 | 0.25 | 0.27 | 63 | Emerging Markets Bonds | IGIEX vs EDF | |
| Ashmore Emerging Markets Equity Fund | 0.43 | 0.33 | 0.32 | 90 | Emerging Markets Diversified | IGIEX vs EMFIX | |
| Ashmore Emerging Markets Equity ESG Fund | 0.43 | 0.33 | 0.32 | 90 | Emerging Markets Diversified | IGIEX vs ESIGX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.45 | 0.54 | 0.59 | 98 | Emerging Markets Bonds | IGIEX vs DBLLX |
See all 21 diversifiers for IGIEX
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