Looking to diversify beyond FDGKX? The mutual funds below have historically moved differently from FDGKX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FDGKX
7 mutual funds have low correlation with FDGKX (below 0.3), 2 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of -0.21, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | -0.21 | 0.32 | 0.53 | 62 | Quality Factor, Large Cap Value Equities | FDGKX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | -0.04 | 0.28 | 0.50 | 93 | Large Cap Value Equities | FDGKX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.03 | 0.26 | 0.48 | 94 | Large Cap Value Equities | FDGKX vs SVAIX | |
| Federated Hermes Equity Income Fund | 0.04 | 0.41 | 0.66 | 72 | Dividend, Large Cap Value Equities | FDGKX vs LEIFX | |
| Buffalo Flexible Income Fund | 0.15 | 0.49 | 0.66 | 87 | Large Cap Value Equities | FDGKX vs BUFBX |
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