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
5 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 0.06, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax Free USA Fund | 0.06 | 0.07 | 0.03 | 69 | Municipal Bonds | IGNAX vs DMTFX | |
| Delaware National High-Yield Municipal Bond Fund | 0.08 | 0.07 | 0.03 | 58 | High Yield Muni | IGNAX vs CXHYX | |
| NXG Cushing® Midstream Energy Fund | 0.22 | 0.33 | 0.50 | 77 | Energy Equities | IGNAX vs SRV | |
| Nomura Emerging Markets Fund Class A | 0.25 | 0.39 | 0.45 | 94 | Emerging Markets Equities | IGNAX vs DEMAX | |
| Delaware Emerging Markets Fund | 0.26 | 0.39 | 0.45 | 94 | Emerging Markets Diversified | IGNAX vs DEMIX |
See all 57 diversifiers for IGNAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements IGNAX
Add IGNAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IGNAX