Looking to diversify beyond FSAGX? The mutual funds below have the lowest correlation with FSAGX — 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 FSAGX.
Best Diversifiers for FSAGX
14 mutual funds have low correlation with FSAGX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.01, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.01 | 0.14 | 0.24 | 62 | Energy Equities | FSAGX vs FSENX | |
| Fidelity Floating Rate High Income Fund | 0.09 | 0.07 | 0.15 | 93 | Bank Loan | FSAGX vs FFRHX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.10 | 0.23 | 0.32 | 90 | Inflation-Protected Bonds | FSAGX vs VTAPX | |
| AQR Long-Short Equity Fund | 0.24 | 0.13 | 0.13 | 61 | Long-Short | FSAGX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | 0.25 | 0.14 | 0.13 | 58 | Long-Short, Actively Managed | FSAGX vs QLENX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSAGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSAGX and solid risk/return profiles. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.09, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.09 | 0.08 | 0.18 | 72 | Energy | |
| Enterprise Products Partners L.P. | -0.07 | 0.11 | 0.22 | 87 | Energy | |
| Chevron Corporation | -0.07 | 0.08 | 0.20 | 70 | Energy | |
| ConocoPhillips Company | -0.06 | 0.04 | 0.16 | 66 | Energy | |
| Chubb Limited | -0.06 | -0.00 | 0.08 | 86 | Financial Services |
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Build a portfolio that complements FSAGX
Add FSAGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSAGX