Looking to diversify beyond FGEMX? The mutual funds below have historically moved differently from FGEMX, 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 FGEMX
0 mutual funds have low correlation with FGEMX (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 | 78 | Communications Equities | FGEMX vs MOGLX | |
| Rydex Telecommunications Fund | 0.46 | 0.54 | 0.66 | 75 | Communications Equities | FGEMX vs RYMIX | |
| Fidelity Select Semiconductors Portfolio | 0.48 | 0.58 | 0.66 | 80 | Semiconductors, Technology Equities | FGEMX vs FSELX | |
| Fidelity International Index Fund | 0.56 | 0.54 | 0.61 | 70 | Foreign Large Cap Equities | FGEMX vs FSPSX | |
| Gabelli Global Content & Connectivity Fund | 0.60 | 0.66 | 0.75 | 59 | Communications Equities | FGEMX vs GABTX |
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