Looking to diversify beyond ZGFIX? The mutual funds below have the lowest correlation with ZGFIX — 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 ZGFIX.
Best Diversifiers for ZGFIX
1 mutual funds have low correlation with ZGFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.28, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.28 | 0.39 | 0.54 | 52 | Global Equities | ZGFIX vs CSUAX | |
| Ninety One Emerging Markets Equity Fund | 0.37 | 0.50 | 0.56 | 91 | Emerging Markets Diversified | ZGFIX vs ZEMIX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.40 | 0.55 | 0.65 | 80 | Global Equities | ZGFIX vs RTXAX | |
| GMO Climate Change Fund | 0.40 | 0.51 | 0.61 | 88 | Global Equities | ZGFIX vs GCCHX | |
| New Alternatives Fund | 0.42 | 0.50 | 0.60 | 63 | Global Equities | ZGFIX vs NALFX |
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