Looking to diversify beyond FSGEX? The mutual funds below have historically moved differently from FSGEX, 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 FSGEX
0 mutual funds have low correlation with FSGEX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.39, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.39 | 0.56 | 0.67 | 87 | Foreign Large Cap Equities | FSGEX vs IVFIX | |
| GQG Partners International Quality Dividend Income... | 0.49 | 0.68 | 0.74 | 65 | Quality Factor, Foreign Large Cap Equities | FSGEX vs GQJPX | |
| Pear Tree Polaris Foreign Value Fund | 0.52 | 0.64 | 0.71 | 91 | Foreign Large Cap Equities | FSGEX vs QFVOX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | 0.52 | 0.50 | 0.53 | 51 | Foreign Large Cap Equities | FSGEX vs PISIX | |
| Fidelity Advisor Canada Fund Class I | 0.57 | 0.69 | 0.76 | 52 | Foreign Large Cap Equities | FSGEX vs FICCX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSGEX, 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 Wells Fargo & Company (WFC) (Financial Services) with a 1Y correlation of 0.29, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Wells Fargo & Company | 0.29 | 0.32 | 0.44 | 59 | Financial Services |
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