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Looking to diversify beyond FASGX? The mutual funds below have the lowest correlation with FASGX — 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 FASGX.

Best Diversifiers for FASGX

27 mutual funds have low correlation with FASGX (below 0.3), 6 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.21, down from 0.13 over 5 years.


See all 267 diversifiers for FASGX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FASGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FASGX and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.09, down from 0.16 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Verizon Communications Inc.-0.090.050.16
59
Communication Services
Bank of America Corporation0.420.480.55
64
Financial Services

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Diversification Analysis

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