Looking to diversify beyond FGDDX? The mutual funds below have the lowest correlation with FGDDX — 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 FGDDX.
Best Diversifiers for FGDDX
0 mutual funds have low correlation with FGDDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity ZERO Total Market Index Fund (FZROX) (Large Cap Blend Equities) with a 1Y correlation of 0.93, roughly unchanged from 0.93 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity ZERO Total Market Index Fund | 0.93 | 0.93 | 0.93 | 66 | Large Cap Blend Equities | FGDDX vs FZROX |
Diversification Analysis
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