Looking to diversify beyond FFGCX? The mutual funds below have the lowest correlation with FFGCX — 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 FFGCX.
Best Diversifiers for FFGCX
11 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 -0.16, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.16 | -0.08 | 0.07 | 64 | Long-Short | FFGCX vs VMNIX | |
| Fidelity Floating Rate High Income Fund | 0.03 | 0.19 | 0.29 | 93 | High Yield Bonds | FFGCX vs FFRHX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.32 | 0.40 | 75 | Large Cap Growth Equities | FFGCX vs FBGRX | |
| Fidelity OTC Portfolio | 0.14 | 0.31 | 0.38 | 92 | Large Cap Growth Equities | FFGCX vs FOCPX | |
| Fidelity Select Pharmaceuticals Portfolio | 0.17 | 0.26 | 0.29 | 56 | Health & Biotech Equities | FFGCX vs FPHAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FFGCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FFGCX and solid risk/return profiles. The least correlated is Corteva, Inc. (CTVA) (Basic Materials) with a 1Y correlation of 0.51, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corteva, Inc. | 0.51 | 0.56 | 0.61 | 51 | Basic Materials | |
| Chevron Corporation | 0.51 | 0.55 | 0.68 | 83 | Energy | |
| Archer-Daniels-Midland Company | 0.54 | 0.48 | 0.55 | 93 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.54 | 0.58 | 0.69 | 85 | Energy | |
| Nutrien Ltd. | 0.60 | 0.61 | 0.67 | 58 | Basic Materials |
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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