Looking to diversify beyond FAGIX? The mutual funds below have historically moved differently from FAGIX, 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 FAGIX
25 mutual funds have low correlation with FAGIX (below 0.3), 4 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.14, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.14 | 0.03 | 0.16 | 79 | Commodities | FAGIX vs FIFGX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | -0.08 | 0.22 | 0.36 | 93 | Dividend | FAGIX vs SVAAX | |
| Fairholme Focused Income Fund | -0.07 | 0.26 | 0.42 | 73 | High Yield Bonds | FAGIX vs FOCIX | |
| Fidelity Select Energy Portfolio | -0.06 | 0.20 | 0.31 | 87 | Energy Equities | FAGIX vs FSENX | |
| Vanguard Market Neutral Fund Investor Shares | 0.03 | 0.02 | -0.01 | 97 | Long-Short | FAGIX vs VMNFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FAGIX, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.33, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.33 | -0.06 | 0.12 | 89 | Financial Services | |
| The Coca-Cola Company | -0.31 | -0.08 | 0.07 | 90 | Consumer Defensive | |
| Altria Group, Inc. | -0.29 | -0.06 | 0.04 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.29 | -0.07 | 0.03 | 56 | Utilities | |
| PepsiCo, Inc. | -0.26 | -0.04 | 0.07 | 50 | Consumer Defensive |
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Build a portfolio that complements FAGIX
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