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
6 mutual funds have low correlation with FDGRX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.14, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.14 | 0.02 | 0.11 | 54 | Commodities | FDGRX vs FIFGX | |
| Fidelity Select Energy Portfolio | -0.11 | 0.10 | 0.23 | 62 | Energy Equities | FDGRX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.00 | 0.05 | 0.11 | 90 | Inflation-Protected Bonds | FDGRX vs VTAPX | |
| Principal Diversified Real Asset Fund | 0.23 | 0.35 | 0.47 | 73 | Global Allocation | FDGRX vs PDRDX | |
| Fidelity Select Pharmaceuticals Portfolio | 0.25 | 0.38 | 0.46 | 80 | Health & Biotech Equities | FDGRX vs FPHAX |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.36, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.36 | -0.08 | 0.10 | 53 | Industrials | |
| Duke Energy Corporation | -0.34 | -0.22 | -0.06 | 66 | Utilities | |
| Altria Group, Inc. | -0.33 | -0.16 | -0.02 | 81 | Consumer Defensive | |
| Chubb Limited | -0.32 | -0.11 | 0.09 | 86 | Financial Services | |
| The Coca-Cola Company | -0.28 | -0.14 | 0.06 | 83 | Consumer Defensive |
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Build a portfolio that complements FDGRX
Add FDGRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FDGRX