Looking to diversify beyond FEGIX? The mutual funds below have the lowest correlation with FEGIX — 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 FEGIX.
Best Diversifiers for FEGIX
13 mutual funds have low correlation with FEGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Rydex Commodities Strategy Fund (RYMEX) (Commodities) with a 1Y correlation of 0.01, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Commodities Strategy Fund | 0.01 | 0.15 | 0.22 | 62 | Commodities | FEGIX vs RYMEX | |
| DoubleLine Strategic Commodity Fund | 0.03 | 0.16 | 0.22 | 88 | Commodities | FEGIX vs DBCMX | |
| PIMCO CommoditiesPLUS Strategy Fund | 0.06 | 0.19 | 0.25 | 78 | Commodities | FEGIX vs PCLIX | |
| PIMCO CommoditiesPLUS Strategy Fund | 0.07 | 0.19 | 0.26 | 76 | Commodities | FEGIX vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy I2 | 0.07 | 0.19 | 0.26 | 77 | Commodities | FEGIX vs PCLPX |
See all 28 diversifiers for FEGIX
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Diversification Analysis
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