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
1 mutual funds have low correlation with FLDGX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.02, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.15 | 0.49 | 70 | Diversified Portfolio | FLDGX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.53 | 0.59 | 86 | Diversified Portfolio | FLDGX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.53 | 0.59 | 82 | Diversified Portfolio | FLDGX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.52 | 0.59 | 88 | Diversified Portfolio | FLDGX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.36 | 0.54 | 0.60 | 87 | Diversified Portfolio | FLDGX vs FSRRX |
See all 39 diversifiers for FLDGX
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