Looking to diversify beyond FGADX? The mutual funds below have historically moved differently from FGADX, 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 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 0.28, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.28 | 0.31 | 0.39 | 93 | Diversified Portfolio | FGADX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.33 | 0.32 | 0.40 | 87 | Diversified Portfolio | FGADX vs FKINX | |
| Fidelity Select Semiconductors Portfolio | 0.35 | 0.27 | 0.29 | 80 | Semiconductors, Technology Equities | FGADX vs FSELX | |
| Templeton Institutional Fund International Equity ... | 0.52 | 0.50 | 0.53 | 63 | Foreign Large Cap Equities | FGADX vs TFEQX | |
| U.S. Global Investors World Precious Minerals Fund | 0.91 | 0.85 | 0.85 | 56 | Precious Metals | FGADX vs UNWPX |
Diversification Analysis
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