Looking to diversify beyond FGJMX? The mutual funds below have the lowest correlation with FGJMX — 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 FGJMX.
Best Diversifiers for FGJMX
0 mutual funds have low correlation with FGJMX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Media Mogul Fund (MOGLX) (Communications Equities) with a 1Y correlation of 0.42, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Media Mogul Fund | 0.42 | 0.53 | 0.66 | 51 | Communications Equities | FGJMX vs MOGLX | |
| Fidelity Select Wireless Portfolio | 0.50 | 0.60 | 0.74 | 64 | Communications Equities | FGJMX vs FWRLX | |
| Rydex Telecommunications Fund | 0.51 | 0.55 | 0.67 | 89 | Communications Equities | FGJMX vs RYMIX | |
| Fidelity Select Semiconductors Portfolio | 0.55 | 0.61 | 0.68 | 96 | Semiconductors, Technology Equities | FGJMX vs FSELX | |
| Gabelli Global Content & Connectivity Fund | 0.58 | 0.66 | 0.76 | 72 | Communications Equities | FGJMX vs GABTX |
See all 11 diversifiers for FGJMX
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