Looking to diversify beyond FKGRX? The mutual funds below have the lowest correlation with FKGRX — 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 FKGRX.
Best Diversifiers for FKGRX
49 mutual funds have low correlation with FKGRX (below 0.3), 0 of which are negatively correlated. The least correlated is Western Asset Short Duration Municipal Income Fund (SHDAX) (Municipal Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Western Asset Short Duration Municipal Income Fund | 0.09 | 0.10 | 0.10 | 78 | Municipal Bonds | FKGRX vs SHDAX | |
| Western Asset Pennsylvania Municipals Fund | 0.11 | 0.13 | 0.12 | 80 | Municipal Bonds | FKGRX vs SBPAX | |
| Western Asset Managed Municipals Fund | 0.12 | 0.15 | 0.14 | 75 | Municipal Bonds | FKGRX vs SHMMX | |
| Franklin Virginia Tax Free Income Fund | 0.12 | 0.13 | 0.12 | 70 | Municipal Bonds | FKGRX vs FRVAX | |
| Western Asset Intermediate Maturity CA Municipals ... | 0.12 | 0.12 | 0.11 | 75 | Municipal Bonds | FKGRX vs ITCAX |
See all 125 diversifiers for FKGRX
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