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
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 0.17, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.17 | 0.05 | 0.17 | 100 | Global Bonds | FGBRX vs DFGFX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.37 | 0.48 | 0.44 | 86 | Global Bonds | FGBRX vs PRSNX | |
| T. Rowe Price International Bond Fund (USD Hedged) | 0.38 | 0.44 | 0.39 | 59 | Global Bonds | FGBRX vs TNBMX | |
| Dunham International Opportunity Bond Fund | 0.45 | 0.51 | 0.44 | 61 | Global Bonds | FGBRX vs DAIOX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.46 | 0.41 | 0.38 | 98 | Global Bonds | FGBRX vs DGFFX |
See all 15 diversifiers for FGBRX
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