Looking to diversify beyond FRSGX? The mutual funds below have the lowest correlation with FRSGX — 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 FRSGX.
Best Diversifiers for FRSGX
3 mutual funds have low correlation with FRSGX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds Tax-Exempt Fund of California (TAFTX) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds Tax-Exempt Fund of California | 0.17 | 0.15 | 0.13 | 61 | Municipal Bonds | FRSGX vs TAFTX | |
| Franklin California Tax Free Income Fund | 0.19 | 0.15 | 0.12 | 57 | Municipal Bonds | FRSGX vs FKTFX | |
| MFS California Municipal Bond Fund | 0.19 | 0.16 | 0.14 | 54 | Municipal Bonds | FRSGX vs MCFTX | |
| Franklin Income Fund Advisor Class | 0.46 | 0.50 | 0.56 | 92 | Diversified Portfolio | FRSGX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.52 | 0.54 | 0.57 | 87 | Diversified Portfolio | FRSGX vs FKINX |
See all 25 diversifiers for FRSGX
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