Looking to diversify beyond FIGRX? The mutual funds below have historically moved differently from FIGRX, 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 FIGRX
1 mutual funds have low correlation with FIGRX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Short-Term Bond Fund (FSHBX) (Short-Term Bond) with a 1Y correlation of 0.28, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Short-Term Bond Fund | 0.28 | 0.15 | 0.14 | 84 | Short-Term Bond, Investment Grade Bonds, Actively Managed | FIGRX vs FSHBX | |
| Federated Hermes International Strategic Value Div... | 0.34 | 0.47 | 0.61 | 88 | Foreign Large Cap Equities | FIGRX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.39 | 0.69 | 0.77 | 61 | Foreign Large Cap Equities | FIGRX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.39 | 0.69 | 0.77 | 61 | Foreign Large Cap Equities | FIGRX vs GSIMX | |
| GQG Partners International Quality Dividend Income... | 0.44 | 0.64 | 0.69 | 71 | Quality Factor, Foreign Large Cap Equities | FIGRX vs GQJPX |
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