Looking to diversify beyond FGBRX? The mutual funds below have the lowest correlation with FGBRX — 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 FGBRX.
Best Diversifiers for FGBRX
0 mutual funds have low correlation with FGBRX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) (Global Bonds) with a 1Y correlation of 0.33, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Multi-Sector Bond Fund | 0.33 | 0.48 | 0.44 | 87 | Global Bonds | FGBRX vs PRSNX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.41 | 0.40 | 0.38 | 98 | Global Bonds | FGBRX vs DGFFX | |
| Dunham International Opportunity Bond Fund | 0.42 | 0.50 | 0.43 | 59 | Global Bonds | FGBRX vs DAIOX | |
| SA Global Fixed Income Fund | 0.45 | 0.36 | 0.31 | 55 | Global Bonds | FGBRX vs SAXIX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 0.45 | 0.34 | 0.39 | 86 | Global Bonds | FGBRX vs DFSHX |
See all 12 diversifiers for FGBRX
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