Looking to diversify beyond FISGX? The mutual funds below have the lowest correlation with FISGX — 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 FISGX.
Best Diversifiers for FISGX
2 mutual funds have low correlation with FISGX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen High Yield Municipal Bond Fund (NHMRX) (High Yield Muni) with a 1Y correlation of 0.14, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.14 | 0.08 | 0.10 | 61 | High Yield Muni | FISGX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.19 | 0.06 | 0.09 | 62 | High Yield Muni | FISGX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.31 | 0.31 | 0.35 | 76 | Preferred Stock/Convertible Bonds | FISGX vs NPSRX | |
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | 0.58 | 0.66 | 0.70 | 71 | Large Cap Growth Equities | FISGX vs QQQX | |
| Tanaka Growth Fund | 0.71 | 0.75 | 0.79 | 54 | Mid Cap Growth Equities | FISGX vs TGFRX |
See all 15 diversifiers for FISGX
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