Looking to diversify beyond FMSGX? The mutual funds below have the lowest correlation with FMSGX — 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 FMSGX.
Best Diversifiers for FMSGX
0 mutual funds have low correlation with FMSGX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.35, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.35 | 0.44 | 0.55 | 55 | Global Equities | FMSGX vs CSUAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.41 | 0.55 | 0.64 | 79 | Global Equities | FMSGX vs RTXAX | |
| GMO Climate Change Fund | 0.41 | 0.54 | 0.61 | 83 | Global Equities | FMSGX vs GCCHX | |
| T. Rowe Price Global Technology Fund I Class | 0.46 | 0.60 | 0.69 | 82 | Technology Equities, Global Equities | FMSGX vs PGTIX | |
| New Alternatives Fund | 0.47 | 0.55 | 0.61 | 54 | Global Equities | FMSGX vs NALFX |
See all 25 diversifiers for FMSGX
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