Looking to diversify beyond FEGOX? The mutual funds below have historically moved differently from FEGOX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FEGOX
1 mutual funds have low correlation with FEGOX (below 0.3), 0 of which are negatively correlated. The least correlated is First Eagle High Income Fund (FEHIX) (High Yield Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Eagle High Income Fund | 0.26 | 0.19 | 0.25 | 70 | High Yield Bonds | FEGOX vs FEHIX | |
| First Eagle Fund of America | 0.33 | 0.30 | 0.28 | 66 | Large Cap Blend Equities | FEGOX vs FEAMX | |
| First Eagle Small Cap Opportunity Fund | 0.43 | 0.33 | 0.32 | 86 | Small Cap Value Equities | FEGOX vs FESCX | |
| First Eagle U.S. Value Fund | 0.57 | 0.51 | 0.49 | 65 | Diversified Portfolio | FEGOX vs FEVIX | |
| First Eagle Global Fund Class I | 0.67 | 0.60 | 0.58 | 76 | Global Allocation | FEGOX vs SGIIX |
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