Looking to diversify beyond FAGIX? The mutual funds below have the lowest correlation with FAGIX — 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 FAGIX.
Best Diversifiers for FAGIX
28 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 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.14 | 0.05 | 0.17 | 54 | Commodities | FAGIX vs FIFGX | |
| T. Rowe Price Dynamic Credit Fund | -0.10 | 0.11 | 0.07 | 87 | Nontraditional Bonds | FAGIX vs RPIDX | |
| Fidelity Select Energy Portfolio | -0.04 | 0.22 | 0.32 | 63 | Energy Equities | FAGIX vs FSENX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | -0.03 | 0.25 | 0.38 | 85 | Dividend | FAGIX vs SVAAX | |
| Vanguard Market Neutral Fund Investor Shares | 0.03 | 0.02 | -0.00 | 95 | Long-Short | FAGIX vs VMNFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FAGIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FAGIX and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.29, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.29 | 0.00 | 0.13 | 51 | Industrials | |
| The Coca-Cola Company | -0.28 | -0.06 | 0.09 | 82 | Consumer Defensive | |
| Chubb Limited | -0.26 | -0.02 | 0.14 | 83 | Financial Services | |
| Altria Group, Inc. | -0.25 | -0.04 | 0.05 | 79 | Consumer Defensive | |
| PepsiCo, Inc. | -0.22 | -0.03 | 0.08 | 50 | Consumer Defensive |
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Build a portfolio that complements FAGIX
Add FAGIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FAGIX