Looking to diversify beyond FGDMX? The mutual funds below have historically moved differently from FGDMX, 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 FGDMX
0 mutual funds have low correlation with FGDMX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Media Mogul Fund (MOGLX) (Communications Equities) with a 1Y correlation of 0.37, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Media Mogul Fund | 0.37 | 0.51 | 0.65 | 80 | Communications Equities | FGDMX vs MOGLX | |
| Rydex Telecommunications Fund | 0.46 | 0.54 | 0.66 | 82 | Communications Equities | FGDMX vs RYMIX | |
| Fidelity Advisor Semiconductors Fund Class A | 0.48 | 0.58 | 0.66 | 83 | Semiconductors, Technology Equities, Actively Managed | FGDMX vs FELAX | |
| Fidelity Select Semiconductors Portfolio | 0.48 | 0.58 | 0.66 | 82 | Semiconductors, Technology Equities | FGDMX vs FSELX | |
| Fidelity International Index Fund | 0.56 | 0.54 | 0.61 | 64 | Foreign Large Cap Equities | FGDMX vs FSPSX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FGDMX
Add FGDMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FGDMX