Looking to balance out your exposure to FGNX? The ETFs below have the lowest correlation with FGNX — they tend to move on their own, which can help reduce risk when FGNX drops. The stock ideas table highlights individual companies that behave independently from FGNX.
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 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Ultra Short Bond ETF | 0.14 | 0.09 | 0.06 | 100 | Ultrashort Bond | FGNX vs PULS |
Diversification Analysis
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