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
4 mutual funds have low correlation with FSGGX (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 -0.00, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.00 | 0.22 | 0.35 | 62 | Energy Equities | FSGGX vs FSENX | |
| EIP Growth and Income Fund (NEW) | 0.14 | 0.39 | 0.50 | 88 | Energy Equities | FSGGX vs EIPIX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.14 | 0.18 | 0.20 | 90 | Inflation-Protected Bonds | FSGGX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.21 | 0.26 | 0.34 | 93 | Bank Loan | FSGGX vs FFRHX | |
| Janus Henderson Global Life Sciences Fund Class T | 0.39 | 0.50 | 0.56 | 88 | Health & Biotech Equities | FSGGX vs JAGLX |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.19, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.19 | 0.03 | 0.17 | 53 | Industrials | |
| Altria Group, Inc. | -0.15 | 0.04 | 0.13 | 81 | Consumer Defensive | |
| Duke Energy Corporation | -0.11 | 0.04 | 0.11 | 66 | Utilities | |
| ConocoPhillips Company | -0.10 | 0.08 | 0.23 | 66 | Energy | |
| Chubb Limited | -0.10 | 0.07 | 0.22 | 86 | Financial Services |
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Build a portfolio that complements FSGGX
Add FSGGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSGGX