Looking to diversify beyond FVGLX? The mutual funds below have the lowest correlation with FVGLX — 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 FVGLX.
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 Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 92 | Semiconductors, Technology Equities | FVGLX vs FSELX | |
| Putnam Large Cap Value Fund | 0.78 | 0.81 | 0.85 | 83 | Large Cap Value Equities | FVGLX vs PEYAX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 84 | Target Retirement Date | FVGLX vs TDIFX | |
| Prudential Day One Income Fund | 0.81 | 0.81 | 0.83 | 82 | Target Retirement Date | FVGLX vs PDAHX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.81 | 0.77 | 0.77 | 83 | Target Retirement Date | FVGLX vs FRQKX |
See all 56 diversifiers for FVGLX
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