Looking to diversify beyond FSSGX? The mutual funds below have the lowest correlation with FSSGX — 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 FSSGX.
Best Diversifiers for FSSGX
0 mutual funds have low correlation with FSSGX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) (Emerging Markets Diversified) with a 1Y correlation of 0.48, down from 0.63 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.48 | 0.63 | — | 87 | Emerging Markets Diversified | FSSGX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.62 | 0.74 | — | 92 | Emerging Markets Diversified | FSSGX vs EMPTX | |
| Cullen Emerging Markets High Dividend Fund | 0.63 | 0.74 | — | 89 | Emerging Markets Diversified | FSSGX vs CEMFX | |
| Wasatch Emerging Markets Small Cap Fund | 0.69 | 0.64 | — | 62 | Emerging Markets Diversified | FSSGX vs WAEMX | |
| Fidelity 500 Index Fund | 0.71 | 0.65 | — | 66 | S&P 500 | FSSGX vs FXAIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSSGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSSGX and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.07 | 0.14 | 0.14 | 75 | Healthcare | |
| Innovative Industrial Properties, Inc. | 0.22 | 0.32 | 0.35 | 58 | Real Estate | |
| Nokia Corporation | 0.34 | 0.39 | 0.46 | 95 | Technology | |
| GE Vernova Inc. | 0.39 | 0.38 | 0.38 | 92 | Industrials | |
| Amazon.com, Inc | 0.43 | 0.41 | 0.44 | 52 | Consumer Cyclical |
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Build a portfolio that complements FSSGX
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