Looking to diversify beyond FGTAX? The mutual funds below have the lowest correlation with FGTAX — 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 FGTAX.
Best Diversifiers for FGTAX
1 mutual funds have low correlation with FGTAX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.28, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.28 | 0.11 | 0.07 | 72 | Large Cap Blend Equities | FGTAX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.48 | 0.34 | 0.42 | 69 | Large Cap Blend Equities | FGTAX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.57 | 0.69 | 0.78 | 62 | Large Cap Blend Equities | FGTAX vs RCKSX | |
| Fidelity High Income Fund | 0.59 | 0.51 | 0.51 | 94 | High Yield Bonds | FGTAX vs SPHIX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.60 | 0.76 | 0.85 | 88 | Large Cap Blend Equities | FGTAX vs RESGX |
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