Looking to diversify beyond FGUMX? The mutual funds below have the lowest correlation with FGUMX — 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 FGUMX.
Best Diversifiers for FGUMX
4 mutual funds have low correlation with FGUMX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.00, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.00 | 0.09 | 0.10 | 100 | High Yield Bonds | FGUMX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.09 | 0.09 | 0.06 | 100 | High Yield Bonds | FGUMX vs XILSX | |
| Nationwide Amundi Strategic Income Fund | 0.20 | 0.29 | 0.23 | 99 | Multisector Bonds | FGUMX vs NWXHX | |
| RiverPark Short Term High Yield Fund | 0.24 | 0.20 | 0.27 | 100 | High Yield Bonds | FGUMX vs RPHIX | |
| RiverPark Strategic Income Fund | 0.42 | 0.38 | 0.42 | 68 | High Yield Bonds | FGUMX vs RSIIX |
See all 31 diversifiers for FGUMX
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