Looking to diversify beyond FGINX? The mutual funds below have the lowest correlation with FGINX — 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 FGINX.
Best Diversifiers for FGINX
8 mutual funds have low correlation with FGINX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Tax-Free Pennsylvania Fund (DELIX) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax-Free Pennsylvania Fund | 0.17 | 0.16 | 0.10 | 69 | Municipal Bonds | FGINX vs DELIX | |
| Federated Hermes Equity Income Fund | 0.17 | 0.56 | 0.74 | 67 | Large Cap Value Equities | FGINX vs LEIFX | |
| Delaware Tax-Free Colorado Fund | 0.17 | 0.12 | 0.07 | 75 | Municipal Bonds | FGINX vs VCTFX | |
| Delaware Tax-Free New York Fund | 0.18 | 0.14 | 0.08 | 60 | Municipal Bonds | FGINX vs FTNYX | |
| Delaware Tax-Free California Fund | 0.19 | 0.15 | 0.08 | 53 | Municipal Bonds | FGINX vs DVTAX |
See all 226 diversifiers for FGINX
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