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 Russell Investment Tax-Managed Real Assets Fund (RTXAX) (Global Equities) with a 1Y correlation of 0.41, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investment Tax-Managed Real Assets Fund | 0.41 | 0.56 | 0.64 | 81 | Global Equities | FMSGX vs RTXAX | |
| T. Rowe Price Real Assets Fund | 0.41 | 0.53 | 0.62 | 57 | Global Equities | FMSGX vs PRAFX | |
| GMO Climate Change Fund | 0.42 | 0.54 | 0.61 | 93 | Global Equities | FMSGX vs GCCHX | |
| New Alternatives Fund | 0.46 | 0.54 | 0.61 | 64 | Global Equities | FMSGX vs NALFX | |
| Oberweis Global Opportunities Fund | 0.48 | 0.59 | 0.68 | 73 | Global Equities | FMSGX vs OBEGX |
See all 22 diversifiers for FMSGX
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