Looking to diversify beyond FIGFX? The mutual funds below have the lowest correlation with FIGFX — 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 FIGFX.
Best Diversifiers for FIGFX
1 mutual funds have low correlation with FIGFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (High Yield Bonds) with a 1Y correlation of 0.19, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.19 | 0.25 | 0.32 | 92 | High Yield Bonds | FIGFX vs FFRHX | |
| Fidelity Limited Term Bond Fund | 0.36 | 0.24 | 0.22 | 62 | Total Bond Market | FIGFX vs FJRLX | |
| PIMCO RAE PLUS International Fund | 0.52 | 0.51 | 0.56 | 81 | Foreign Large Cap Equities | FIGFX vs PTSIX | |
| Kopernik International Fund | 0.53 | 0.41 | 0.53 | 81 | Foreign Large Cap Equities | FIGFX vs KGIIX | |
| SA International Value Fund | 0.53 | 0.55 | 0.63 | 87 | Foreign Large Cap Equities | FIGFX vs SAHMX |
See all 42 diversifiers for FIGFX
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