Looking to diversify beyond FGIAX? The mutual funds below have historically moved differently from FGIAX, 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 FGIAX
17 mutual funds have low correlation with FGIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) (High Yield Muni) with a 1Y correlation of 0.09, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.09 | 0.17 | 0.16 | 88 | High Yield Muni | FGIAX vs NVHIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.13 | 0.28 | 0.42 | 63 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FGIAX vs QQQX | |
| American Funds The New Economy Fund® Class F-2 | 0.14 | 0.30 | 0.48 | 69 | Global Equities | FGIAX vs NEFFX | |
| American Funds The New Economy Fund Class A | 0.14 | 0.30 | 0.48 | 69 | Global Equities, Actively Managed | FGIAX vs ANEFX | |
| Nuveen Preferred Securities & Income Fund | 0.18 | 0.36 | 0.38 | 69 | Preferred Stock | FGIAX vs NPSRX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FGIAX
Add FGIAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FGIAX