Looking to diversify beyond FFGCX? The mutual funds below have historically moved differently from FFGCX, 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 FFGCX
10 mutual funds have low correlation with FFGCX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.08 | -0.08 | 0.06 | 97 | Long-Short | FFGCX vs VMNIX | |
| Fidelity Floating Rate High Income Fund | 0.07 | 0.18 | 0.28 | 95 | Bank Loan | FFGCX vs FFRHX | |
| Fidelity Select Pharmaceuticals Portfolio | 0.10 | 0.24 | 0.28 | 90 | Health & Biotech Equities | FFGCX vs FPHAX | |
| Fidelity OTC Portfolio | 0.19 | 0.31 | 0.38 | 76 | Large Cap Growth Equities | FFGCX vs FOCPX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.22 | 0.39 | 0.52 | 93 | Dividend | FFGCX vs SVAAX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FFGCX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Corteva, Inc. (CTVA) (Basic Materials) with a 1Y correlation of 0.46, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corteva, Inc. | 0.46 | 0.53 | 0.60 | 55 | Basic Materials | |
| Archer-Daniels-Midland Company | 0.52 | 0.49 | 0.55 | 90 | Consumer Defensive | |
| Chevron Corporation | 0.53 | 0.54 | 0.67 | 80 | Energy | |
| Exxon Mobil Corporation | 0.54 | 0.58 | 0.68 | 84 | Energy | |
| Shell plc | 0.64 | 0.68 | 0.71 | 80 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FFGCX
Add FFGCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FFGCX