Looking to diversify beyond FGTAX? The mutual funds below have historically moved differently from FGTAX, 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 FGTAX
0 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 0.31, up from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.12 | 0.08 | 97 | Large Cap Blend Equities | FGTAX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.51 | 0.34 | 0.40 | 59 | Preferred Stock | FGTAX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.54 | 0.67 | 0.77 | 89 | Large Cap Blend Equities | FGTAX vs RCKSX | |
| Muhlenkamp Fund | 0.59 | 0.70 | 0.77 | 59 | Large Cap Blend Equities | FGTAX vs MUHLX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.59 | 0.75 | 0.84 | 87 | Large Cap Blend Equities | FGTAX vs RESGX |
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