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Franklin International Growth Fund Class A (FNGAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The mutual fund primarily focuses on investing in equity securities, mainly common stock, of mid- and large-cap companies outside the U.S., including those in developing or emerging markets, allowing up to 20% of its net assets to be allocated to emerging market countries.

Looking to diversify beyond FNGAX? The mutual funds below have the lowest correlation with FNGAX — 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 FNGAX.

Best Diversifiers for FNGAX

0 mutual funds have low correlation with FNGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.36, down from 0.55 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
IVFIX
Federated Hermes International Strategic Value Div...0.360.430.55
63
Foreign Large Cap EquitiesFNGAX vs IVFIX
PTSIX
PIMCO RAE PLUS International Fund0.460.470.51
83
Foreign Large Cap EquitiesFNGAX vs PTSIX
SAHMX
SA International Value Fund0.510.510.57
89
Foreign Large Cap EquitiesFNGAX vs SAHMX
FRIAX
Franklin Income Fund Advisor Class0.520.530.61
86
Diversified PortfolioFNGAX vs FRIAX
EPDIX
EuroPac International Dividend Income Fund0.520.530.56
76
Foreign Large Cap EquitiesFNGAX vs EPDIX
See all 18 diversifiers for FNGAX

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