Looking to diversify beyond FGUSX? The mutual funds below have the lowest correlation with FGUSX — 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 FGUSX.
Best Diversifiers for FGUSX
16 mutual funds have low correlation with FGUSX (below 0.3), 4 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of -0.14, down from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.14 | 0.07 | — | 99 | Ultrashort Bond | FGUSX vs ENIAX | |
| CrossingBridge Ultra-Short Duration Fund | -0.06 | 0.03 | — | 99 | Ultrashort Bond | FGUSX vs CBUDX | |
| Tactical Multi-Purpose Fund | -0.05 | -0.02 | — | 100 | Ultrashort Bond | FGUSX vs TMPFX | |
| Federated Hermes Strategic Value Dividend Fund | -0.01 | 0.06 | — | 86 | Large Cap Value Equities | FGUSX vs SVAIX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.01 | 0.26 | — | 99 | Ultrashort Bond | FGUSX vs TRSTX |
See all 30 diversifiers for FGUSX
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