Looking to diversify beyond FGUSX? The mutual funds below have historically moved differently from FGUSX, 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 FGUSX
18 mutual funds have low correlation with FGUSX (below 0.3), 5 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of -0.14, down from -0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | -0.14 | -0.04 | — | 54 | Long-Short | FGUSX vs QAMNX | |
| SEI Institutional Investments Trust Opportunistic ... | -0.11 | 0.06 | — | 100 | Ultrashort Bond | FGUSX vs ENIAX | |
| Tactical Multi-Purpose Fund | -0.07 | -0.03 | — | 100 | Ultrashort Bond | FGUSX vs TMPFX | |
| Federated Hermes Strategic Value Dividend Fund | -0.02 | 0.06 | — | 94 | Large Cap Value Equities | FGUSX vs SVAIX | |
| CrossingBridge Ultra-Short Duration Fund | -0.01 | 0.04 | — | 99 | Ultrashort Bond | FGUSX vs CBUDX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FGUSX
Add FGUSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FGUSX