Looking to diversify beyond FMGKX? The mutual funds below have the lowest correlation with FMGKX — 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 FMGKX.
Best Diversifiers for FMGKX
0 mutual funds have low correlation with FMGKX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.49, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.49 | 0.58 | 0.66 | 72 | Large Cap Growth Equities | FMGKX vs BPTRX | |
| Davis New York Venture Fund Class Y | 0.64 | 0.70 | 0.74 | 80 | Large Cap Growth Equities | FMGKX vs DNVYX | |
| ICON Equity Fund | 0.65 | 0.63 | 0.72 | 84 | Large Cap Growth Equities | FMGKX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.69 | 0.65 | 0.71 | 61 | Foreign Large Cap Equities | FMGKX vs VTMGX | |
| Adams Diversified Equity Fund, Inc. | 0.71 | 0.77 | 0.85 | 67 | Large Cap Blend Equities | FMGKX vs ADX |
See all 35 diversifiers for FMGKX
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