Looking to diversify beyond FSGGX? The mutual funds below have historically moved differently from FSGGX, 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 FSGGX
5 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 -0.02, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.02 | 0.21 | 0.34 | 87 | Energy Equities | FSGGX vs FSENX | |
| Vanguard Commodity Strategy Fund Admiral Shares | 0.10 | 0.24 | 0.30 | 68 | Commodities | FSGGX vs VCMDX | |
| EIP Growth and Income Fund | 0.11 | 0.37 | 0.49 | 87 | Energy Equities | FSGGX vs EIPIX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.17 | 0.18 | 0.20 | 91 | Inflation-Protected Bonds | FSGGX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.22 | 0.25 | 0.34 | 95 | Bank Loan | FSGGX vs FFRHX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSGGX, 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 -0.22, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.22 | 0.03 | 0.21 | 89 | Financial Services | |
| Altria Group, Inc. | -0.20 | 0.02 | 0.12 | 66 | Consumer Defensive | |
| ConocoPhillips Company | -0.17 | 0.05 | 0.21 | 72 | Energy | |
| Duke Energy Corporation | -0.16 | 0.01 | 0.11 | 56 | Utilities | |
| Devon Energy Corporation | -0.14 | 0.11 | 0.26 | 76 | Energy |
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