Looking to diversify beyond IGR? The mutual funds below have the lowest correlation with IGR — 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 IGR.
Best Diversifiers for IGR
3 mutual funds have low correlation with IGR (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.23 | — | — | 98 | REIT | IGR vs QREARX | |
| Redwood Real Estate Income Fund | 0.01 | — | — | 100 | REIT | IGR vs CREMX | |
| Columbia Seligman Premium Technology Growth Closed... | 0.26 | 0.29 | 0.40 | 95 | Technology Equities | IGR vs STK | |
| Virtus Equity & Convertible Income Fund | 0.36 | 0.41 | 0.50 | 74 | Derivative Income | IGR vs NIE | |
| Fidelity Series Real Estate Income Fund | 0.43 | 0.45 | 0.56 | 89 | REIT | IGR vs FSREX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IGR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IGR and solid risk/return profiles. The least correlated is BlackRock Science and Technology Trust II (BSTZ) (Financial Services) with a 1Y correlation of 0.18, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Trust II | 0.18 | 0.28 | 0.40 | 96 | Financial Services | |
| BlackRock Science and Technology Trust | 0.29 | 0.29 | 0.41 | 89 | Financial Services | |
| Cohen & Steers Quality Income Realty Fund | 0.71 | 0.74 | 0.75 | 59 | Financial Services |
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