Looking to diversify beyond FGOMX? The mutual funds below have historically moved differently from FGOMX, 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 FGOMX
4 mutual funds have low correlation with FGOMX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.05, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.05 | 0.14 | 0.21 | 79 | Commodities | FGOMX vs FIFGX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.12 | 0.46 | 0.58 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | FGOMX vs GSIYX | |
| The Cook & Bynum Fund | 0.16 | 0.37 | 0.46 | 66 | Emerging Markets Equities | FGOMX vs COBYX | |
| Fidelity SAI Municipal Income Fund | 0.18 | 0.13 | 0.14 | 68 | Municipal Bonds | FGOMX vs FSMNX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.37 | 0.58 | 0.66 | 92 | Emerging Markets Equities | FGOMX vs ESCIX |
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