Looking to diversify beyond FSKGX? The mutual funds below have the lowest correlation with FSKGX — 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 FSKGX.
Best Diversifiers for FSKGX
0 mutual funds have low correlation with FSKGX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS CROCI International Fund (SCINX) (Foreign Large Cap Equities) with a 1Y correlation of 0.51, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS CROCI International Fund | 0.51 | 0.53 | 0.62 | 65 | Foreign Large Cap Equities | FSKGX vs SCINX | |
| Baron Focused Growth Fund | 0.59 | 0.72 | 0.77 | 53 | Mid Cap Growth Equities | FSKGX vs BFGFX | |
| Baron Focused Growth Fund Institutional Shares | 0.59 | 0.72 | 0.77 | 54 | Mid Cap Growth Equities | FSKGX vs BFGIX | |
| Fidelity Select Semiconductors Portfolio | 0.68 | 0.71 | 0.77 | 96 | Semiconductors, Technology Equities | FSKGX vs FSELX | |
| Fidelity Total International Index Fund | 0.70 | 0.67 | 0.71 | 62 | Foreign Large Cap Equities | FSKGX vs FTIHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSKGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSKGX and solid risk/return profiles. The least correlated is Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.30, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innovative Industrial Properties, Inc. | 0.30 | 0.40 | 0.53 | 58 | Real Estate |
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