Looking to diversify beyond FECGX? The mutual funds below have the lowest correlation with FECGX — 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 FECGX.
Best Diversifiers for FECGX
1 mutual funds have low correlation with FECGX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.19, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.19 | 0.26 | 0.31 | 93 | Bank Loan | FECGX vs FFRHX | |
| Fidelity New Markets Income Fund | 0.37 | 0.34 | 0.34 | 93 | Emerging Markets Bonds | FECGX vs FNMIX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.40 | 0.65 | 0.81 | 74 | Small Cap Growth Equities | FECGX vs QISGX | |
| Fidelity Emerging Markets Index Fund | 0.65 | 0.59 | 0.61 | 75 | Emerging Markets Diversified | FECGX vs FPADX | |
| BlackRock Emerging Markets Fund, Inc. | 0.65 | 0.61 | 0.63 | 78 | Emerging Markets Diversified | FECGX vs MADCX |
See all 87 diversifiers for FECGX
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