Looking to diversify beyond FGSKX? The mutual funds below have historically moved differently from FGSKX, 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 FGSKX
6 mutual funds have low correlation with FGSKX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of -0.04, 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 Cla... | -0.04 | 0.20 | 0.36 | 93 | Dividend | FGSKX vs SVAAX | |
| Victory Munder Mid-Cap Core Growth Fund | 0.22 | 0.53 | 0.73 | 76 | Mid Cap Growth Equities | FGSKX vs MGOYX | |
| Invesco Value Opportunities Fund | 0.25 | 0.50 | 0.61 | 74 | Mid Cap Value Equities | FGSKX vs VVOAX | |
| Timothy Plan Aggressive Growth Fund | 0.27 | 0.53 | 0.72 | 66 | Mid Cap Growth Equities | FGSKX vs TAAGX | |
| Needham Growth Fund | 0.28 | 0.48 | 0.67 | 57 | Mid Cap Growth Equities | FGSKX vs NEEGX |
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