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
24 mutual funds have low correlation with FGIAX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund I Class (PGTIX) (Technology Equities) with a 1Y correlation of 0.06, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | 0.06 | 0.19 | 0.35 | 78 | Technology Equities, Global Equities | FGIAX vs PGTIX | |
| Baron Global Advantage Fund | 0.08 | 0.27 | 0.41 | 65 | Global Equities | FGIAX vs BGAIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.11 | 0.19 | 0.16 | 77 | High Yield Muni | FGIAX vs NVHIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.11 | 0.27 | 0.43 | 64 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FGIAX vs QQQX | |
| American Funds The New Economy Fund | 0.12 | 0.31 | 0.48 | 80 | Global Equities | FGIAX vs ANEFX |
See all 93 diversifiers for FGIAX
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