Looking to diversify beyond FAGOX? The mutual funds below have the lowest correlation with FAGOX — 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 FAGOX.
Best Diversifiers for FAGOX
0 mutual funds have low correlation with FAGOX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS High Income Fund (MHITX) (High Yield Bonds) with a 1Y correlation of 0.36, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS High Income Fund | 0.36 | 0.37 | 0.43 | 59 | High Yield Bonds | FAGOX vs MHITX | |
| Emerald Insights Fund | 0.38 | 0.80 | 0.88 | 98 | Large Cap Growth Equities | FAGOX vs EFCNX | |
| Fidelity Advisor Large Cap Fund Class M | 0.48 | 0.75 | 0.78 | 61 | Large Cap Value Equities | FAGOX vs FALGX | |
| ICON Equity Fund | 0.56 | 0.58 | 0.70 | 70 | Large Cap Growth Equities | FAGOX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.61 | 0.64 | 0.69 | 55 | Large Cap Growth Equities, Foreign Large Cap Equities | FAGOX vs VTMGX |
See all 41 diversifiers for FAGOX
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