Looking to diversify beyond FGRTX? The mutual funds below have historically moved differently from FGRTX, 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 FGRTX
6 mutual funds have low correlation with FGRTX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.03, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.03 | 0.26 | 0.45 | 87 | Energy Equities | FGRTX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.07 | 0.13 | 91 | Inflation-Protected Bonds | FGRTX vs VTAPX | |
| Victory INCORE Fund for Income Class I | 0.23 | 0.08 | 0.05 | 75 | Government Bonds | FGRTX vs VFFIX | |
| AQR Alternative Risk Premia Fund Class N | 0.26 | 0.17 | 0.01 | 98 | Multistrategy | FGRTX vs QRPNX | |
| Fidelity Floating Rate High Income Fund | 0.27 | 0.31 | 0.36 | 93 | Bank Loan | FGRTX vs FFRHX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FGRTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.03 | 0.12 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.20 | -0.04 | 0.08 | 52 | Utilities | |
| Chubb Limited | -0.20 | 0.04 | 0.28 | 87 | Financial Services | |
| Verizon Communications Inc. | -0.20 | -0.03 | 0.13 | 66 | Communication Services | |
| The Coca-Cola Company | -0.19 | -0.01 | 0.19 | 87 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FGRTX
Add FGRTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FGRTX