Looking to diversify beyond FGROX? The mutual funds below have historically moved differently from FGROX, 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 FGROX
0 mutual funds have low correlation with FGROX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund Class A (QASGX) (Small Cap Growth Equities) with a 1Y correlation of 0.43, down from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.43 | 0.62 | 0.77 | 68 | Small Cap Growth Equities | FGROX vs QASGX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.44 | 0.62 | 0.77 | 71 | Small Cap Growth Equities | FGROX vs QISGX | |
| Vanguard Small-Cap Value Index Fund Institutional ... | 0.70 | 0.78 | 0.82 | 77 | Small Cap Value Equities | FGROX vs VSIIX | |
| Voya MI Dynamic Small Cap Fund Class I | 0.80 | 0.80 | 0.84 | 57 | Small Cap Growth Equities | FGROX vs VYSAX | |
| abrdn U.S. Small Cap Equity Fund | 0.81 | 0.84 | 0.88 | 66 | Small Cap Growth Equities | FGROX vs GSXIX |
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