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
1 mutual funds have low correlation with FGIKX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.15, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.15 | 0.45 | 0.63 | 68 | Large Cap Value Equities | FGIKX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.30 | 0.45 | 0.62 | 86 | Large Cap Value Equities | FGIKX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.41 | 0.65 | 0.78 | 61 | Large Cap Value Equities | FGIKX vs BUFBX | |
| AMG Yacktman Focused Fund | 0.46 | 0.66 | 0.79 | 86 | Large Cap Value Equities | FGIKX vs YAFFX | |
| Hennessy Cornerstone Value Fund | 0.49 | 0.64 | 0.77 | 87 | Large Cap Value Equities | FGIKX vs HFCVX |
See all 47 diversifiers for FGIKX
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