Looking to diversify beyond FESGX? The mutual funds below have the lowest correlation with FESGX — 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 FESGX.
Best Diversifiers for FESGX
0 mutual funds have low correlation with FESGX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.34, up from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.34 | 0.15 | 0.02 | 88 | Global Allocation | FESGX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.47 | 0.42 | 0.63 | 55 | Global Allocation | FESGX vs MHESX | |
| Wilmington Real Asset Fund | 0.52 | 0.68 | 0.70 | 84 | Global Allocation | FESGX vs WMRIX | |
| Allspring Absolute Return Fund | 0.55 | 0.67 | 0.67 | 94 | Global Allocation | FESGX vs WARAX | |
| Calamos Global Dynamic Income Fund | 0.56 | 0.61 | 0.65 | 66 | Global Allocation | FESGX vs CHW |
See all 26 diversifiers for FESGX
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