Looking to diversify beyond FGBRX? The mutual funds below have historically moved differently from FGBRX, 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 FGBRX
1 mutual funds have low correlation with FGBRX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.21 | 0.06 | 0.18 | 100 | Global Bonds | FGBRX vs DFGFX | |
| Fidelity Select Technology Portfolio | 0.38 | 0.23 | 0.29 | 73 | Technology Equities | FGBRX vs FSPTX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.40 | 0.48 | 0.45 | 74 | Global Bonds | FGBRX vs PRSNX | |
| Franklin Income Fund Class A1 | 0.46 | 0.47 | 0.48 | 93 | Diversified Portfolio | FGBRX vs FKINX | |
| SA Global Fixed Income Fund | 0.49 | 0.38 | 0.33 | 62 | Global Bonds | FGBRX vs SAXIX |
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