Looking to diversify beyond FFGZX? The mutual funds below have historically moved differently from FFGZX, 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 FFGZX
0 mutual funds have low correlation with FFGZX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.60, roughly unchanged from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.60 | 0.49 | 0.51 | 80 | Semiconductors, Technology Equities | FFGZX vs FSELX | |
| Mutual of America Investment Corporation - 2050 Re... | 0.75 | 0.69 | 0.60 | 73 | Target Retirement Date | FFGZX vs MURNX | |
| Mutual of America 2045 Retirement Fund | 0.75 | 0.69 | 0.61 | 73 | Target Retirement Date | FFGZX vs MURMX | |
| Mutual of America 2055 Retirement Fund | 0.75 | 0.69 | 0.60 | 73 | Target Retirement Date | FFGZX vs MUROX | |
| T. Rowe Price Retirement Income 2020 Fund | 0.75 | 0.77 | 0.77 | 72 | Target Retirement Date | FFGZX vs TRLAX |
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