Looking to diversify beyond FGETX? The mutual funds below have the lowest correlation with FGETX — 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 FGETX.
Best Diversifiers for FGETX
0 mutual funds have low correlation with FGETX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investment Tax-Managed Real Assets Fund (RTXAX) (Global Equities) with a 1Y correlation of 0.42, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investment Tax-Managed Real Assets Fund | 0.42 | 0.52 | 0.64 | 81 | Global Equities | FGETX vs RTXAX | |
| T. Rowe Price Real Assets Fund | 0.50 | 0.56 | 0.67 | 57 | Global Equities | FGETX vs PRAFX | |
| Polaris Global Value Fund | 0.50 | 0.59 | 0.69 | 90 | Global Equities | FGETX vs PGVFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.50 | 0.45 | 0.59 | 89 | Global Equities | FGETX vs FMIEX | |
| SEI Institutional Investments Trust Global Managed... | 0.52 | 0.56 | 0.65 | 55 | Global Equities | FGETX vs SGMAX |
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