Looking to diversify beyond FGOMX? The mutual funds below have the lowest correlation with FGOMX — 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 FGOMX.
Best Diversifiers for FGOMX
1 mutual funds have low correlation with FGOMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity SAI Municipal Income Fund (FSMNX) (Municipal Bonds) with a 1Y correlation of 0.16, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Municipal Income Fund | 0.16 | 0.13 | 0.13 | 69 | Municipal Bonds | FGOMX vs FSMNX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.42 | 0.60 | 0.67 | 87 | Emerging Markets Diversified | FGOMX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | 0.56 | 0.59 | 0.65 | 62 | Emerging Markets Diversified | FGOMX vs WAEMX | |
| Fidelity Capital & Income Fund | 0.57 | 0.59 | 0.60 | 91 | High Yield Bonds | FGOMX vs FAGIX | |
| Fidelity SAI U.S. Large Cap Index Fund | 0.57 | 0.57 | 0.60 | 67 | Large Cap Blend Equities | FGOMX vs FLCPX |
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