Looking to diversify beyond FGADX? The mutual funds below have the lowest correlation with FGADX — 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 FGADX.
Best Diversifiers for FGADX
1 mutual funds have low correlation with FGADX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.27, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.27 | 0.34 | 0.40 | 87 | Diversified Portfolio | FGADX vs FRIAX | |
| Fidelity Select Semiconductors Portfolio | 0.31 | 0.27 | 0.29 | 96 | Semiconductors, Technology Equities | FGADX vs FSELX | |
| Franklin Income Fund Class A1 | 0.34 | 0.34 | 0.40 | 82 | Diversified Portfolio | FGADX vs FKINX | |
| Fidelity Blue Chip Growth Fund | 0.34 | 0.27 | 0.30 | 68 | Large Cap Growth Equities | FGADX vs FBGRX |
Diversification Analysis
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