Looking to diversify beyond FEDGX? The mutual funds below have the lowest correlation with FEDGX — 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 FEDGX.
Best Diversifiers for FEDGX
0 mutual funds have low correlation with FEDGX (below 0.3), 0 of which are negatively correlated. The least correlated is Pzena Emerging Markets Value Fund Institutional Class (PZIEX) (Emerging Markets Equities) with a 1Y correlation of 0.53, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.53 | 0.66 | 0.68 | 55 | Emerging Markets Equities | FEDGX vs PZIEX | |
| Nomura Emerging Markets Fund Class C | 0.60 | 0.69 | 0.75 | 98 | Emerging Markets Equities | FEDGX vs DEMCX | |
| Nomura Emerging Markets Fund Class A | 0.60 | 0.69 | 0.75 | 98 | Emerging Markets Equities | FEDGX vs DEMAX | |
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.56 | 0.57 | 96 | Semiconductors, Technology Equities | FEDGX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.63 | 0.58 | 0.60 | 73 | Large Cap Growth Equities | FEDGX vs FBGRX |
See all 33 diversifiers for FEDGX
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Diversification Analysis
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