Looking to diversify beyond FGATX? The mutual funds below have historically moved differently from FGATX, 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 FGATX
12 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 0.20, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.25 | 0.35 | 100 | Municipal Bonds | FGATX vs DFSMX | |
| Nuveen Mid Cap Value Fund | 0.24 | 0.14 | 0.10 | 84 | Mid Cap Value Equities | FGATX vs FASEX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.24 | 0.21 | 0.20 | 99 | Municipal Bonds | FGATX vs TFCYX | |
| JPMorgan Ultra-Short Municipal Fund | 0.24 | 0.33 | 0.39 | 98 | Municipal Bonds | FGATX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.24 | 0.33 | 0.43 | 99 | Municipal Bonds | FGATX vs DNYMX |
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