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
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 0.15, 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 | 0.15 | 0.25 | 0.34 | 100 | Municipal Bonds | FGATX vs DFSMX | |
| Nuveen Mid Cap Value Fund | 0.19 | 0.14 | 0.09 | 79 | Mid Cap Value Equities | FGATX vs FASEX | |
| DFA NY Municipal Bond Portfolio | 0.19 | 0.31 | 0.42 | 99 | Municipal Bonds | FGATX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.21 | 0.32 | 0.43 | 99 | Municipal Bonds | FGATX vs DFCMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.28 | — | 100 | Municipal Bonds | FGATX vs DFABX |
See all 26 diversifiers for FGATX
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