Looking to diversify beyond FSGGX? The mutual funds below have the lowest correlation with FSGGX — 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 FSGGX.
Best Diversifiers for FSGGX
3 mutual funds have low correlation with FSGGX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.12 | 0.18 | 0.19 | 84 | Inflation-Protected Bonds | FSGGX vs VTAPX | |
| EIP Growth and Income Fund (NEW) | 0.20 | 0.42 | 0.52 | 72 | Energy Equities | FSGGX vs EIPIX | |
| Fidelity Floating Rate High Income Fund | 0.24 | 0.26 | 0.34 | 92 | Bank Loan | FSGGX vs FFRHX | |
| AQR Long-Short Equity Fund Class N | 0.38 | 0.35 | 0.30 | 54 | Long-Short, Actively Managed | FSGGX vs QLENX | |
| AQR Long-Short Equity Fund | 0.39 | 0.35 | 0.30 | 57 | Long-Short | FSGGX vs QLEIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSGGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSGGX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.05 | 0.14 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.10 | 0.08 | 0.22 | 72 | Energy | |
| ConocoPhillips Company | -0.08 | 0.07 | 0.21 | 65 | Energy | |
| Duke Energy Corporation | -0.08 | 0.05 | 0.11 | 62 | Utilities | |
| The Coca-Cola Company | -0.06 | 0.10 | 0.20 | 74 | Consumer Defensive |
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Build a portfolio that complements FSGGX
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