Looking to diversify beyond FGATX? The mutual funds below have the lowest correlation with FGATX — 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 FGATX.
Best Diversifiers for FGATX
11 mutual funds have low correlation with FGATX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.14, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.24 | 0.34 | 99 | Municipal Bonds | FGATX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.16 | 0.32 | 0.42 | 99 | Municipal Bonds | FGATX vs DNYMX | |
| Nuveen Equity Long/Short Fund | 0.18 | 0.10 | 0.08 | 58 | Long-Short | FGATX vs NELIX | |
| Nuveen Mid Cap Value Fund | 0.18 | 0.14 | 0.09 | 81 | Mid Cap Value Equities | FGATX vs FASEX | |
| DFA California Short Term Municipal Bond Portfolio | 0.20 | 0.33 | 0.42 | 99 | Municipal Bonds | FGATX vs DFCMX |
See all 24 diversifiers for FGATX
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