Looking to diversify beyond FGIKX? The mutual funds below have the lowest correlation with FGIKX — 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 FGIKX.
Best Diversifiers for FGIKX
0 mutual funds have low correlation with FGIKX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.34, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.34 | 0.46 | 0.63 | 78 | Large Cap Value Equities | FGIKX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.51 | 0.66 | 0.78 | 81 | Large Cap Value Equities | FGIKX vs HFCVX | |
| Smead Value Fund | 0.55 | 0.71 | 0.81 | 62 | Large Cap Value Equities | FGIKX vs SMVLX | |
| Fidelity Select Semiconductors Portfolio | 0.60 | 0.66 | 0.69 | 96 | Semiconductors, Technology Equities | FGIKX vs FSELX | |
| American Century Equity Income Fund Class I | 0.66 | 0.68 | 0.79 | 52 | Large Cap Value Equities | FGIKX vs ACIIX |
See all 43 diversifiers for FGIKX
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