Looking to diversify beyond FGEAX? The mutual funds below have the lowest correlation with FGEAX — 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 FGEAX.
Best Diversifiers for FGEAX
1 mutual funds have low correlation with FGEAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.20, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.20 | 0.30 | 0.47 | 52 | Global Equities | FGEAX vs CSUAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.42 | 0.52 | 0.64 | 80 | Global Equities | FGEAX vs RTXAX | |
| Wasatch Global Value Fund Investor Class Shares | 0.48 | 0.45 | 0.59 | 86 | Global Equities | FGEAX vs FMIEX | |
| Polaris Global Value Fund | 0.49 | 0.58 | 0.68 | 93 | Global Equities | FGEAX vs PGVFX | |
| SEI Institutional Investments Trust Global Managed... | 0.50 | 0.54 | 0.64 | 62 | Global Equities | FGEAX vs SGMAX |
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