Looking to diversify beyond FSKGX? The mutual funds below have historically moved differently from FSKGX, 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 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 0.50, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS CROCI International Fund | 0.50 | 0.52 | 0.62 | 88 | Foreign Large Cap Equities | FSKGX vs SCINX | |
| Fidelity International Index Fund | 0.68 | 0.62 | 0.68 | 70 | Foreign Large Cap Equities | FSKGX vs FSPSX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.72 | 0.78 | 80 | Semiconductors, Technology Equities | FSKGX vs FSELX | |
| Fidelity Total International Index Fund | 0.75 | 0.68 | 0.72 | 73 | Foreign Large Cap Equities | FSKGX vs FTIHX | |
| Vanguard 500 Index Fund Admiral Shares | 0.81 | 0.84 | 0.87 | 63 | S&P 500, Large Cap Blend Equities | FSKGX vs VFIAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSKGX, 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 Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.24, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innovative Industrial Properties, Inc. | 0.25 | 0.37 | 0.51 | 71 | Real Estate |
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