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 Delaware Emerging Markets Fund (DEMIX) (Emerging Markets Diversified) with a 1Y correlation of 0.23, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 0.23 | 0.41 | 0.46 | 98 | Emerging Markets Diversified | IGNAX vs DEMIX | |
| Nomura Emerging Markets Fund Class A | 0.23 | 0.41 | 0.46 | 98 | Emerging Markets Equities | IGNAX vs DEMAX | |
| Invesco SteelPath MLP Income Fund | 0.32 | 0.52 | 0.66 | 60 | Energy Equities | IGNAX vs MLPZX | |
| Eagle MLP Strategy Fund | 0.33 | 0.56 | 0.71 | 53 | Energy Equities | IGNAX vs EGLIX | |
| Virtus Duff & Phelps Select MLP and Energy Fund | 0.34 | 0.57 | 0.73 | 51 | Energy Equities | IGNAX vs VLPIX |
See all 47 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