Looking to diversify beyond IGR? The mutual funds below have historically moved differently from IGR, 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 IGR
4 mutual funds have low correlation with IGR (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.26 | — | — | 99 | REIT | IGR vs QREARX | |
| Redwood Real Estate Income Fund | 0.01 | — | — | 100 | REIT | IGR vs CREMX | |
| Columbia Seligman Premium Technology Growth Fund | 0.22 | 0.28 | 0.39 | 88 | Technology Equities, Options Trading, Actively Managed | IGR vs STK | |
| Virtus Equity & Convertible Income Fund | 0.29 | 0.40 | 0.49 | 64 | Derivative Income, Convertible Bonds | IGR vs NIE | |
| Fidelity Series Real Estate Income Fund | 0.46 | 0.45 | 0.56 | 87 | REIT | IGR vs FSREX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IGR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is BlackRock Science and Technology Term Trust (BSTZ) (Financial Services) with a 1Y correlation of 0.16, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Term Trust | 0.16 | 0.26 | 0.39 | 87 | Financial Services | |
| BlackRock Science and Technology Trust | 0.25 | 0.28 | 0.40 | 80 | Financial Services | |
| Dynex Capital, Inc. | 0.45 | 0.49 | 0.48 | 73 | Real Estate | |
| Realty Income Corporation | 0.45 | 0.49 | 0.55 | 77 | Real Estate | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.68 | 0.73 | 0.75 | 66 | Financial Services |
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