Looking to diversify beyond FGEAX? The mutual funds below have historically moved differently from FGEAX, 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 FGEAX
4 mutual funds have low correlation with FGEAX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of -0.00, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | -0.00 | 0.38 | 0.52 | 70 | Quality Factor, Global Equities | FGEAX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.12 | 0.26 | 0.45 | 79 | Infrastructure Equities, Global Equities | FGEAX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.23 | 0.35 | 0.53 | 66 | Infrastructure Equities, Global Equities | FGEAX vs FGIAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.25 | 0.47 | 0.61 | 53 | Global Equities, Low Volatility | FGEAX vs SVTAX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 0.38 | 0.53 | 0.64 | 80 | Global Equities, Low Volatility | FGEAX vs VMVFX |
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