Looking to diversify beyond FDGRX? The mutual funds below have the lowest correlation with FDGRX — 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 FDGRX.
Best Diversifiers for FDGRX
2 mutual funds have low correlation with FDGRX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of -0.03, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.03 | 0.04 | 0.11 | 84 | Inflation-Protected Bonds | FDGRX vs VTAPX | |
| Principal Diversified Real Asset Fund | 0.25 | 0.36 | 0.47 | 58 | Global Allocation | FDGRX vs PDRDX | |
| Fidelity Floating Rate High Income Fund | 0.30 | 0.28 | 0.30 | 92 | Bank Loan | FDGRX vs FFRHX | |
| Fidelity Select Pharmaceuticals Portfolio | 0.31 | 0.40 | 0.47 | 64 | Health & Biotech Equities | FDGRX vs FPHAX | |
| Vanguard Equity Income Fund Admiral Shares | 0.39 | 0.42 | 0.49 | 59 | Large Cap Value Equities | FDGRX vs VEIRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDGRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDGRX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.27 | -0.12 | 0.05 | 74 | Consumer Defensive | |
| Duke Energy Corporation | -0.26 | -0.18 | -0.07 | 62 | Utilities | |
| Altria Group, Inc. | -0.24 | -0.12 | -0.01 | 72 | Consumer Defensive | |
| Chubb Limited | -0.23 | -0.07 | 0.09 | 69 | Financial Services | |
| Exxon Mobil Corporation | -0.23 | -0.07 | 0.07 | 72 | Energy |
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Build a portfolio that complements FDGRX
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Analyze a portfolio with FDGRX