Looking to diversify beyond FGINX? The mutual funds below have historically moved differently from FGINX, 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 FGINX
13 mutual funds have low correlation with FGINX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Floating Rate Fund (DDFLX) (Bank Loan) with a 1Y correlation of 0.14, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Floating Rate Fund | 0.14 | 0.18 | 0.21 | 94 | Bank Loan | FGINX vs DDFLX | |
| Delaware Tax-Free Colorado Fund | 0.15 | 0.12 | 0.08 | 68 | Municipal Bonds | FGINX vs VCTFX | |
| Delaware Tax-Free Pennsylvania Fund | 0.16 | 0.15 | 0.10 | 62 | Municipal Bonds | FGINX vs DELIX | |
| Delaware Tax-Free New York Fund | 0.16 | 0.14 | 0.08 | 52 | Municipal Bonds | FGINX vs FTNYX | |
| Delaware Minnesota High-Yield Municipal Bond Fund | 0.18 | 0.13 | 0.09 | 67 | Municipal Bonds | FGINX vs DVMHX |
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