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 First Eagle High Yield Municipal Fund Class A (FEHAX) (High Yield Muni) with a 1Y correlation of 0.31, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Eagle High Yield Municipal Fund Class A | 0.31 | 0.24 | 0.36 | 63 | High Yield Muni | FESGX vs FEHAX | |
| First Eagle High Income Fund | 0.31 | 0.23 | 0.36 | 72 | High Yield Bonds | FESGX vs FEHIX | |
| LoCorr Macro Strategies Fund Class I | 0.35 | 0.16 | 0.01 | 84 | Global Allocation | FESGX vs LFMIX | |
| First Eagle Short Duration High Yield Municipal Fu... | 0.35 | — | — | 71 | High Yield Muni | FESGX vs FDUAX | |
| MH Elite Select Portfolio of Funds Fund | 0.38 | 0.38 | 0.61 | 57 | Global Allocation | FESGX vs MHESX |
See all 31 diversifiers for FESGX
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