Looking to diversify beyond FGDMX? The mutual funds below have the lowest correlation with FGDMX — 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 FGDMX.
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 0.42, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Media Mogul Fund | 0.42 | 0.53 | 0.66 | 51 | Communications Equities | FGDMX vs MOGLX | |
| Rydex Telecommunications Fund | 0.50 | 0.55 | 0.67 | 89 | Communications Equities | FGDMX vs RYMIX | |
| Fidelity Select Wireless Portfolio | 0.50 | 0.60 | 0.74 | 64 | Communications Equities | FGDMX vs FWRLX | |
| Fidelity Advisor Semiconductors Fund Class A | 0.55 | 0.61 | 0.68 | 96 | Semiconductors, Technology Equities, Actively Managed | FGDMX vs FELAX | |
| Fidelity Select Semiconductors Portfolio | 0.55 | 0.61 | 0.68 | 96 | Semiconductors, Technology Equities | FGDMX vs FSELX |
See all 12 diversifiers for FGDMX
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