Looking to diversify beyond FGPMX? The mutual funds below have the lowest correlation with FGPMX — 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 FGPMX.
Best Diversifiers for FGPMX
1 mutual funds have low correlation with FGPMX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.27, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.27 | 0.34 | 0.40 | 89 | Diversified Portfolio | FGPMX vs FRIAX | |
| Fidelity Select Semiconductors Portfolio | 0.31 | 0.27 | 0.29 | 96 | Semiconductors, Technology Equities | FGPMX vs FSELX | |
| Franklin Income Fund Class A1 | 0.34 | 0.34 | 0.40 | 84 | Diversified Portfolio | FGPMX vs FKINX | |
| Fidelity 500 Index Fund | 0.39 | 0.32 | 0.34 | 66 | S&P 500 | FGPMX vs FXAIX | |
| Vanguard Institutional Index Fund Institutional Pl... | 0.39 | 0.33 | 0.34 | 66 | S&P 500, Large Cap Blend Equities | FGPMX vs VIIIX |
Diversification Analysis
Build a portfolio that complements FGPMX
Add FGPMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FGPMX