Looking to diversify beyond FNGAX? The mutual funds below have historically moved differently from FNGAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) (Foreign Large Cap Equities) with a 1Y correlation of 0.31, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.31 | 0.59 | 0.65 | 61 | Foreign Large Cap Equities | FNGAX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.32 | 0.60 | 0.65 | 61 | Foreign Large Cap Equities | FNGAX vs GSINX | |
| Federated Hermes International Strategic Value Div... | 0.32 | 0.42 | 0.54 | 88 | Foreign Large Cap Equities | FNGAX vs IVFIX | |
| GQG Partners International Quality Dividend Income... | 0.36 | 0.52 | 0.55 | 71 | Quality Factor, Foreign Large Cap Equities | FNGAX vs GQJPX | |
| PIMCO RAE PLUS International Fund | 0.45 | 0.47 | 0.51 | 95 | Foreign Large Cap Equities | FNGAX vs PTSIX |
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