Looking to diversify beyond FGKPX? The mutual funds below have historically moved differently from FGKPX, 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 FGKPX
6 mutual funds have low correlation with FGKPX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust U.S. Managed Volatility Fund (SVOAX) (Low Volatility) with a 1Y correlation of 0.12, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust U.S. Managed Volat... | 0.12 | 0.28 | 0.38 | 63 | Low Volatility | FGKPX vs SVOAX | |
| The Cook & Bynum Fund | 0.21 | 0.32 | 0.41 | 66 | Emerging Markets Equities | FGKPX vs COBYX | |
| LSV U.S. Managed Volatility Fund | 0.23 | 0.32 | 0.39 | 93 | Low Volatility | FGKPX vs LVAMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.25 | 0.47 | 0.56 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | FGKPX vs GSIYX | |
| Fidelity SAI U.S. Low Volatility Index Fund | 0.27 | 0.38 | 0.44 | 61 | Low Volatility | FGKPX vs FSUVX |
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