Looking to diversify beyond FGMNX? The mutual funds below have the lowest correlation with FGMNX — 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 FGMNX.
Best Diversifiers for FGMNX
8 mutual funds have low correlation with FGMNX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Floating Rate Fund (PRFRX) (High Yield Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Floating Rate Fund | 0.07 | 0.12 | 0.14 | 96 | High Yield Bonds | FGMNX vs PRFRX | |
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.08 | 0.10 | 96 | Semiconductors, Technology Equities | FGMNX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.17 | 0.14 | 0.14 | 68 | Large Cap Growth Equities | FGMNX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.27 | 0.22 | 0.19 | 62 | Large Cap Blend Equities | FGMNX vs FNILX | |
| Fidelity 500 Index Fund | 0.27 | 0.21 | 0.18 | 65 | S&P 500 | FGMNX vs FXAIX |
See all 23 diversifiers for FGMNX
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