Looking to diversify beyond FLDGX? The mutual funds below have the lowest correlation with FLDGX — 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 FLDGX.
Best Diversifiers for FLDGX
3 mutual funds have low correlation with FLDGX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.21, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | -0.03 | 0.11 | 73 | Diversified Portfolio | FLDGX vs SIFAX | |
| Fidelity Select Energy Portfolio | -0.02 | 0.26 | 0.39 | 79 | Energy Equities | FLDGX vs FSENX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.17 | 0.51 | 64 | Diversified Portfolio | FLDGX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.53 | 0.59 | 95 | Diversified Portfolio | FLDGX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.53 | 0.60 | 96 | Diversified Portfolio | FLDGX vs FSIRX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FLDGX
Add FLDGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLDGX