Looking to diversify beyond IGNAX? The mutual funds below have historically moved differently from IGNAX, 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 IGNAX
6 mutual funds have low correlation with IGNAX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Tax Free USA Fund (DMTFX) (Municipal Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax Free USA Fund | 0.02 | 0.05 | 0.03 | 63 | Municipal Bonds | IGNAX vs DMTFX | |
| Delaware National High-Yield Municipal Bond Fund | 0.06 | 0.06 | 0.03 | 56 | High Yield Muni | IGNAX vs CXHYX | |
| NXG Cushing® Midstream Energy Fund | 0.23 | 0.33 | 0.49 | 53 | Energy Equities | IGNAX vs SRV | |
| Delaware Emerging Markets Fund | 0.24 | 0.38 | 0.44 | 92 | Emerging Markets Equities | IGNAX vs DEMIX | |
| Nomura Emerging Markets Fund Class A | 0.24 | 0.38 | 0.44 | 92 | Emerging Markets Equities | IGNAX vs DEMAX |
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