Looking to diversify beyond FVGLX? The mutual funds below have historically moved differently from FVGLX, 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 FVGLX
0 mutual funds have low correlation with FVGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Putnam Large Cap Value Fund (PEYAX) (Large Cap Value Equities) with a 1Y correlation of 0.75, roughly unchanged from 0.84 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | 0.75 | 0.80 | 0.84 | 92 | Large Cap Value Equities | FVGLX vs PEYAX | |
| Fidelity Select Semiconductors Portfolio | 0.78 | 0.74 | 0.77 | 80 | Semiconductors, Technology Equities | FVGLX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.79 | 0.75 | 81 | Target Retirement Date | FVGLX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.81 | 0.73 | 0.68 | 53 | Target Retirement Date | FVGLX vs DRIQX | |
| MFS Lifetime Income Fund | 0.83 | 0.79 | 0.81 | 66 | Target Retirement Date | FVGLX vs MLLIX |
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