Looking to diversify beyond FGIPX? The mutual funds below have the lowest correlation with FGIPX — 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 FGIPX.
Best Diversifiers for FGIPX
2 mutual funds have low correlation with FGIPX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.14, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.14 | 0.57 | 0.75 | 53 | Large Cap Value Equities | FGIPX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.28 | 0.57 | 0.70 | 53 | Large Cap Value Equities | FGIPX vs LEXCX | |
| Nomura Emerging Markets Fund Class A | 0.31 | 0.41 | 0.46 | 98 | Emerging Markets Equities | FGIPX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 0.31 | 0.41 | 0.46 | 98 | Emerging Markets Equities | FGIPX vs DEMCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.43 | 0.59 | 0.72 | 70 | Large Cap Value Equities | FGIPX vs SVAIX |
See all 204 diversifiers for FGIPX
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