Looking to diversify beyond FGILX? The mutual funds below have historically moved differently from FGILX, 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 FGILX
3 mutual funds have low correlation with FGILX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.23, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.23 | 0.31 | 0.35 | 93 | Bank Loan | FGILX vs FFRHX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.24 | 0.49 | 0.63 | 94 | Dividend | FGILX vs SVAAX | |
| GQG Partners Global Quality Dividend Income Fund | 0.25 | 0.58 | 0.70 | 68 | Quality Factor, Global Equities | FGILX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.34 | 0.53 | 0.65 | 74 | Infrastructure Equities, Global Equities | FGILX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.42 | 0.59 | 0.72 | 58 | Infrastructure Equities, Global Equities | FGILX vs FGIAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FGILX
Add FGILX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FGILX