Looking to diversify beyond FGBMX? The mutual funds below have the lowest correlation with FGBMX — 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 FGBMX.
Best Diversifiers for FGBMX
2 mutual funds have low correlation with FGBMX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.26 | 0.25 | 0.32 | 67 | Emerging Markets Bonds | FGBMX vs EDF | |
| Fidelity Select Semiconductors Portfolio | 0.29 | 0.21 | 0.26 | 93 | Semiconductors, Technology Equities | FGBMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.38 | 0.28 | 0.31 | 60 | Large Cap Growth Equities | FGBMX vs FBGRX | |
| Fidelity Total Market Index Fund | 0.42 | 0.34 | 0.35 | 62 | Large Cap Blend Equities | FGBMX vs FSKAX | |
| Fidelity ZERO Total Market Index Fund | 0.42 | 0.35 | 0.35 | 62 | Large Cap Blend Equities | FGBMX vs FZROX |
See all 21 diversifiers for FGBMX
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