Looking to diversify beyond FGSAX? The mutual funds below have the lowest correlation with FGSAX — 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 FGSAX.
Best Diversifiers for FGSAX
26 mutual funds have low correlation with FGSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.05, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.05 | 0.25 | 0.38 | 80 | Large Cap Value Equities | FGSAX vs SVAIX | |
| Federated Hermes Project and Trade Finance Tender ... | 0.08 | 0.10 | 0.05 | 84 | Bank Loan | FGSAX vs XPTFX | |
| Federated Hermes Adjustable Rate Fund | 0.11 | 0.15 | 0.12 | 99 | Government Bonds | FGSAX vs FEUGX | |
| Federated Hermes Government Ultrashort Fund | 0.13 | 0.09 | — | 99 | Ultrashort Bond | FGSAX vs FGUSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.14 | 0.09 | 0.07 | 99 | Municipal Bonds | FGSAX vs FHMIX |
See all 45 diversifiers for FGSAX
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