Looking to diversify beyond FSSGX? The mutual funds below have historically moved differently from FSSGX, 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 FSSGX
2 mutual funds have low correlation with FSSGX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.21, down from 0.50 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.21 | 0.50 | — | 56 | Foreign Large Cap Equities, Emerging Markets Equities | FSSGX vs GSIYX | |
| The Cook & Bynum Fund | 0.26 | 0.37 | — | 66 | Emerging Markets Equities | FSSGX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.43 | 0.61 | — | 92 | Emerging Markets Equities | FSSGX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.65 | 0.73 | — | 77 | Emerging Markets Equities | FSSGX vs EMPTX | |
| Cullen Emerging Markets High Dividend Fund | 0.66 | 0.74 | — | 71 | Emerging Markets Equities | FSSGX vs CEMFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSSGX, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.01, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.01 | 0.13 | 0.12 | 83 | Healthcare | |
| Innovative Industrial Properties, Inc. | 0.16 | 0.29 | 0.33 | 71 | Real Estate | |
| Amazon.com, Inc | 0.41 | 0.39 | 0.43 | 60 | Consumer Cyclical | |
| Nokia Corporation | 0.41 | 0.41 | 0.48 | 89 | Technology | |
| GE Vernova Inc. | 0.48 | 0.41 | 0.41 | 76 | Industrials |
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