Looking to balance out your exposure to FGNX? The ETFs below have historically moved differently from FGNX, 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 FGNX
1 ETFs have low correlation with FGNX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Ultra Short Bond ETF (PULS) (Ultrashort Bond) with a 1Y correlation of 0.14, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Ultra Short Bond ETF | 0.14 | 0.12 | 0.07 | 99 | Ultrashort Bond | FGNX vs PULS |
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