Looking to diversify beyond IVGTX? The mutual funds below have historically moved differently from IVGTX, 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 IVGTX
18 mutual funds have low correlation with IVGTX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO Climate Change Fund (GCCHX) (Global Equities) with a 1Y correlation of 0.12, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Climate Change Fund | 0.12 | 0.33 | 0.47 | 61 | Global Equities | IVGTX vs GCCHX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.16 | 0.14 | 0.25 | 90 | Multistrategy, Systematic Trend, Global Equities | IVGTX vs MBXIX | |
| New Alternatives Fund | 0.17 | 0.36 | 0.52 | 54 | Global Equities | IVGTX vs NALFX | |
| Voya Corporate Leaders Trust Fund | 0.18 | 0.40 | 0.51 | 93 | Large Cap Value Equities | IVGTX vs LEXCX | |
| Oberweis Global Opportunities Fund | 0.18 | 0.38 | 0.54 | 54 | Global Equities | IVGTX vs OBEGX |
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