Looking to diversify beyond FRGAX? The mutual funds below have the lowest correlation with FRGAX — 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 FRGAX.
Best Diversifiers for FRGAX
1 mutual funds have low correlation with FRGAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | — | 75 | Diversified Portfolio | FRGAX vs MHELX | |
| Hennessy Balanced Fund | 0.30 | 0.49 | — | 74 | Diversified Portfolio | FRGAX vs HBFBX | |
| T. Rowe Price Floating Rate Fund | 0.32 | 0.33 | — | 95 | High Yield Bonds | FRGAX vs PRFRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | — | 82 | Diversified Portfolio | FRGAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.58 | — | 87 | Diversified Portfolio | FRGAX vs FSIRX |
See all 330 diversifiers for FRGAX
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