Looking to diversify beyond IGNAX? The mutual funds below have the lowest correlation with IGNAX — 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 IGNAX.
Best Diversifiers for IGNAX
2 mutual funds have low correlation with IGNAX (below 0.3), 0 of which are negatively correlated. The least correlated is Nomura Emerging Markets Fund Class A (DEMAX) (Emerging Markets Equities) with a 1Y correlation of 0.24, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nomura Emerging Markets Fund Class A | 0.24 | 0.39 | 0.45 | 98 | Emerging Markets Equities | IGNAX vs DEMAX | |
| Delaware Emerging Markets Fund | 0.25 | 0.40 | 0.46 | 98 | Emerging Markets Diversified | IGNAX vs DEMIX | |
| Virtus Duff & Phelps Select MLP and Energy Fund | 0.34 | 0.56 | 0.73 | 58 | Energy Equities | IGNAX vs VLPIX | |
| Eagle MLP Strategy Fund | 0.34 | 0.55 | 0.71 | 53 | Energy Equities | IGNAX vs EGLIX | |
| Invesco SteelPath MLP Select 40 Fund | 0.38 | 0.55 | 0.70 | 55 | Energy Equities | IGNAX vs MLPTX |
See all 38 diversifiers for IGNAX
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