Looking to diversify beyond FGIAX? The mutual funds below have the lowest correlation with FGIAX — 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 FGIAX.
Best Diversifiers for FGIAX
10 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 0.13, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.13 | 0.19 | 0.16 | 62 | High Yield Muni | FGIAX vs NVHIX | |
| American Funds The New Economy Fund | 0.19 | 0.33 | 0.50 | 88 | Global Equities | FGIAX vs ANEFX | |
| American Funds The New Economy Fund® Class F-2 | 0.20 | 0.34 | 0.50 | 88 | Global Equities | FGIAX vs NEFFX | |
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | 0.21 | 0.30 | 0.44 | 71 | Large Cap Growth Equities | FGIAX vs QQQX | |
| Nuveen Preferred Securities & Income Fund | 0.22 | 0.38 | 0.38 | 76 | Preferred Stock/Convertible Bonds | FGIAX vs NPSRX |
See all 87 diversifiers for FGIAX
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