Looking to diversify beyond FGDDX? The mutual funds below have historically moved differently from FGDDX, 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 FGDDX
0 mutual funds have low correlation with FGDDX (below 0.3), 0 of which are negatively correlated. The least correlated is AAMA Equity Fund (AMFEX) (Large Cap Blend Equities) with a 1Y correlation of 0.79, roughly unchanged from 0.79 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AAMA Equity Fund | 0.79 | 0.79 | 0.79 | 89 | Large Cap Blend Equities | FGDDX vs AMFEX | |
| Fidelity ZERO International Index Fund | 0.90 | 0.90 | 0.90 | 76 | Foreign Large Cap Equities | FGDDX vs FZILX |
Diversification Analysis
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