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
18 mutual funds have low correlation with FAGIX (below 0.3), 3 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of -0.09, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.09 | 0.12 | 0.08 | 78 | Nontraditional Bonds | FAGIX vs RPIDX | |
| Vanguard Market Neutral Fund Investor Shares | -0.02 | 0.00 | -0.01 | 85 | Long-Short | FAGIX vs VMNFX | |
| Fidelity Series 0-5 Year Inflation-Protected Bond ... | -0.00 | 0.16 | — | 86 | Inflation-Protected Bonds | FAGIX vs FSTZX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.02 | 0.15 | 0.21 | 89 | Inflation-Protected Bonds | FAGIX vs VTAPX | |
| Cliffwater Corporate Lending Fund | 0.11 | 0.10 | 0.11 | 100 | High Yield Bonds | FAGIX vs CCLFX |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.24, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.24 | -0.03 | 0.06 | 70 | Consumer Defensive | |
| The Coca-Cola Company | -0.22 | -0.04 | 0.10 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.21 | 0.04 | 0.17 | 68 | Energy | |
| Chubb Limited | -0.20 | 0.00 | 0.15 | 68 | Financial Services | |
| Duke Energy Corporation | -0.17 | -0.02 | 0.04 | 62 | Utilities |
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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