Looking to diversify beyond FSAGX? The mutual funds below have historically moved differently from FSAGX, 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 FSAGX
10 mutual funds have low correlation with FSAGX (below 0.3), 2 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.06, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.06 | 0.09 | 0.21 | 63 | Leveraged Equities | FSAGX vs ENPIX | |
| Fidelity Select Energy Portfolio | -0.00 | 0.14 | 0.24 | 87 | Energy Equities | FSAGX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.22 | 0.31 | 91 | Inflation-Protected Bonds | FSAGX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.09 | 0.07 | 0.15 | 95 | Bank Loan | FSAGX vs FFRHX | |
| Dodge & Cox Stock Fund Class I | 0.21 | 0.22 | 0.27 | 56 | Large Cap Value Equities | FSAGX vs DODGX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSAGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.14, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.14 | -0.01 | 0.07 | 89 | Financial Services | |
| Enterprise Products Partners L.P. | -0.14 | 0.07 | 0.19 | 89 | Energy | |
| Altria Group, Inc. | -0.13 | 0.04 | 0.11 | 66 | Consumer Defensive | |
| Devon Energy Corporation | -0.11 | 0.06 | 0.16 | 76 | Energy | |
| Chevron Corporation | -0.09 | 0.06 | 0.18 | 80 | Energy |
To view more results, upgrade your current subscription plan.
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