Looking to diversify beyond FGEMX? The mutual funds below have the lowest correlation with FGEMX — 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 FGEMX.
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 Rydex Telecommunications Fund (RYMIX) (Communications Equities) with a 1Y correlation of 0.50, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Telecommunications Fund | 0.50 | 0.54 | 0.67 | 90 | Communications Equities | FGEMX vs RYMIX | |
| Fidelity Select Wireless Portfolio | 0.50 | 0.60 | 0.74 | 63 | Communications Equities | FGEMX vs FWRLX | |
| Fidelity Select Semiconductors Portfolio | 0.54 | 0.61 | 0.68 | 96 | Semiconductors, Technology Equities | FGEMX vs FSELX | |
| Gabelli Global Content & Connectivity Fund | 0.58 | 0.66 | 0.76 | 69 | Communications Equities | FGEMX vs GABTX | |
| Fidelity Total International Index Fund | 0.64 | 0.60 | 0.65 | 66 | Foreign Large Cap Equities | FGEMX vs FTIHX |
See all 10 diversifiers for FGEMX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FGEMX
Add FGEMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FGEMX