Looking to diversify beyond FBGRX? The mutual funds below have the lowest correlation with FBGRX — 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 FBGRX.
Best Diversifiers for FBGRX
102 mutual funds have low correlation with FBGRX (below 0.3), 4 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.15, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.15 | 0.03 | 0.12 | 54 | Commodities | FBGRX vs FIFGX | |
| Fidelity Select Energy Portfolio | -0.14 | 0.09 | 0.23 | 63 | Energy Equities | FBGRX vs FSENX | |
| DFA Commodity Strategy Portfolio | -0.06 | 0.07 | 0.12 | 65 | Commodities | FBGRX vs DCMSX | |
| Fidelity Series 0-5 Year Inflation-Protected Bond ... | -0.01 | 0.05 | — | 89 | Inflation-Protected Bonds | FBGRX vs FSTZX | |
| Fidelity Series Treasury Bill Index Fund | 0.01 | -0.01 | 0.01 | 100 | Ultrashort Bond | FBGRX vs FHQFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBGRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBGRX and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.38, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.38 | -0.09 | 0.09 | 51 | Industrials | |
| Altria Group, Inc. | -0.32 | -0.16 | -0.02 | 79 | Consumer Defensive | |
| Duke Energy Corporation | -0.31 | -0.19 | -0.07 | 63 | Utilities | |
| Chubb Limited | -0.30 | -0.10 | 0.06 | 83 | Financial Services | |
| Verizon Communications Inc. | -0.29 | -0.15 | -0.02 | 54 | Communication Services |
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Build a portfolio that complements FBGRX
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