Looking to diversify beyond FGVMX? The mutual funds below have the lowest correlation with FGVMX — 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 FGVMX.
Best Diversifiers for FGVMX
1 mutual funds have low correlation with FGVMX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.26 | 0.25 | 0.32 | 63 | Emerging Markets Bonds | FGVMX vs EDF | |
| Fidelity Select Semiconductors Portfolio | 0.30 | 0.21 | 0.26 | 96 | Semiconductors, Technology Equities | FGVMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.39 | 0.28 | 0.31 | 73 | Large Cap Growth Equities | FGVMX vs FBGRX | |
| Fidelity ZERO Total Market Index Fund | 0.44 | 0.35 | 0.35 | 66 | Large Cap Blend Equities | FGVMX vs FZROX | |
| Fidelity ZERO Large Cap Index Fund | 0.44 | 0.33 | 0.35 | 63 | Large Cap Blend Equities | FGVMX vs FNILX |
See all 22 diversifiers for FGVMX
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