Looking to diversify beyond FGSIX? The mutual funds below have the lowest correlation with FGSIX — 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 FGSIX.
Best Diversifiers for FGSIX
18 mutual funds have low correlation with FGSIX (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 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.05 | 0.26 | 0.39 | 78 | Large Cap Value Equities | FGSIX vs SVAIX | |
| Victory Munder Mid-Cap Core Growth Fund | 0.16 | 0.54 | 0.73 | 71 | Mid Cap Growth Equities | FGSIX vs MGOYX | |
| Putnam Large Cap Value Fund | 0.16 | 0.46 | 0.61 | 84 | Large Cap Value Equities | FGSIX vs PEIYX | |
| Calamos Timpani SMID Growth Fund | 0.17 | 0.53 | 0.71 | 69 | Mid Cap Growth Equities | FGSIX vs CTIGX | |
| SIT Small Cap Growth Fund | 0.18 | 0.54 | 0.73 | 61 | Mid Cap Growth Equities | FGSIX vs SSMGX |
See all 21 diversifiers for FGSIX
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