Looking to diversify beyond FGSIX? The mutual funds below have historically moved differently from FGSIX, 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 FGSIX
10 mutual funds have low correlation with FGSIX (below 0.3), 1 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 -0.03, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | -0.03 | 0.21 | 0.36 | 94 | Large Cap Value Equities | FGSIX vs SVAIX | |
| Federated Hermes MDT Market Neutral A | 0.04 | 0.17 | — | 54 | Long-Short | FGSIX vs QAMNX | |
| JPMorgan Mid Cap Value Fund Class R6 | 0.11 | 0.41 | 0.60 | 56 | Mid Cap Value Equities | FGSIX vs JMVYX | |
| Putnam Large Cap Value Fund | 0.19 | 0.43 | 0.60 | 93 | Large Cap Value Equities | FGSIX vs PEIYX | |
| Victory Munder Mid-Cap Core Growth Fund | 0.25 | 0.53 | 0.72 | 76 | Mid Cap Growth Equities | FGSIX vs MGOYX |
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