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Fidelity Series Global ex U.S. Index Fund (FSGEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The fund invests at least 80% of assets in securities included in the MSCI ACWI (All Country World Index) ex USA Index and in depositary receipts representing securities included in the index. The advisor uses statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, earnings growth, country weightings, and the effect of foreign taxes to attempt to replicate the returns of the index.

Looking to diversify beyond FSGEX? The mutual funds below have the lowest correlation with FSGEX — 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 FSGEX.

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 Pear Tree Polaris Foreign Value Fund (QFVOX) (Foreign Large Cap Equities) with a 1Y correlation of 0.50, down from 0.71 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QFVOX
Pear Tree Polaris Foreign Value Fund0.500.640.71
80
Foreign Large Cap EquitiesFSGEX vs QFVOX
PTSIX
PIMCO RAE PLUS International Fund0.600.640.66
79
Foreign Large Cap EquitiesFSGEX vs PTSIX
SAHMX
SA International Value Fund0.640.690.75
88
Foreign Large Cap EquitiesFSGEX vs SAHMX
SISEX
Shelton International Select Equity Fund0.650.750.81
52
Foreign Large Cap EquitiesFSGEX vs SISEX
KGIIX
Kopernik International Fund0.650.570.67
53
Foreign Large Cap EquitiesFSGEX vs KGIIX
See all 140 diversifiers for FSGEX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FSGEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSGEX and solid risk/return profiles. The least correlated is Wells Fargo & Company (WFC) (Financial Services) with a 1Y correlation of 0.29, down from 0.41 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
WFC
Wells Fargo & Company0.290.290.41
53
Financial Services

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Diversification Analysis

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