Looking to diversify beyond FGSKX? The mutual funds below have the lowest correlation with FGSKX — 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 FGSKX.
Best Diversifiers for FGSKX
16 mutual funds have low correlation with FGSKX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of 0.03, 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 Cla... | 0.03 | 0.25 | 0.38 | 77 | Dividend | FGSKX vs SVAAX | |
| Invesco Value Opportunities Fund | 0.16 | 0.49 | 0.60 | 81 | Mid Cap Value Equities | FGSKX vs VVOAX | |
| Victory Munder Mid-Cap Core Growth Fund | 0.16 | 0.54 | 0.73 | 71 | Mid Cap Growth Equities | FGSKX vs MGOYX | |
| Calamos Timpani SMID Growth Fund | 0.17 | 0.53 | 0.71 | 69 | Mid Cap Growth Equities | FGSKX vs CTIGX | |
| Timothy Plan Aggressive Growth Fund | 0.18 | 0.53 | 0.73 | 90 | Mid Cap Growth Equities | FGSKX vs TAAGX |
See all 17 diversifiers for FGSKX
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