Looking to diversify beyond FGKFX? The mutual funds below have the lowest correlation with FGKFX — 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 FGKFX.
Best Diversifiers for FGKFX
6 mutual funds have low correlation with FGKFX (below 0.3), 3 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLIX) (Commodities) with a 1Y correlation of -0.16, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.16 | 0.04 | 0.10 | 75 | Commodities | FGKFX vs PCLIX | |
| Fidelity Select Energy Portfolio | -0.11 | 0.11 | 0.24 | 79 | Energy Equities | FGKFX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.07 | 0.04 | 0.11 | 94 | Inflation-Protected Bonds | FGKFX vs VTAPX | |
| Fidelity Natural Resources Fund | 0.05 | 0.21 | 0.32 | 87 | Energy Equities | FGKFX vs FNARX | |
| BNY Mellon Natural Resources Fund | 0.27 | 0.38 | 0.43 | 89 | Energy Equities | FGKFX vs DLDRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FGKFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FGKFX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.26, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.26 | -0.18 | -0.06 | 53 | Utilities | |
| Altria Group, Inc. | -0.24 | -0.12 | -0.01 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.22 | -0.06 | 0.08 | 85 | Energy | |
| Chubb Limited | -0.21 | -0.06 | 0.09 | 51 | Financial Services | |
| The Coca-Cola Company | -0.21 | -0.09 | 0.07 | 66 | Consumer Defensive |
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Build a portfolio that complements FGKFX
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Analyze a portfolio with FGKFX