Looking to diversify beyond FGKMX? The mutual funds below have the lowest correlation with FGKMX — 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 FGKMX.
Best Diversifiers for FGKMX
0 mutual funds have low correlation with FGKMX (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 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Media Mogul Fund | 0.42 | 0.53 | 0.67 | 51 | Communications Equities | FGKMX vs MOGLX | |
| Rydex Telecommunications Fund | 0.50 | 0.55 | 0.67 | 89 | Communications Equities | FGKMX vs RYMIX | |
| Fidelity Select Wireless Portfolio | 0.50 | 0.60 | 0.74 | 64 | Communications Equities | FGKMX vs FWRLX | |
| Fidelity Select Semiconductors Portfolio | 0.56 | 0.60 | 0.68 | 96 | Semiconductors, Technology Equities | FGKMX vs FSELX | |
| Gabelli Global Content & Connectivity Fund | 0.58 | 0.67 | 0.76 | 72 | Communications Equities | FGKMX vs GABTX |
See all 11 diversifiers for FGKMX
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