Looking to diversify beyond FAPCX? The mutual funds below have the lowest correlation with FAPCX — 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 FAPCX.
Best Diversifiers for FAPCX
0 mutual funds have low correlation with FAPCX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.33, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.33 | 0.44 | 0.56 | 63 | Foreign Large Cap Equities | FAPCX vs IVFIX | |
| T. Rowe Price Floating Rate Fund | 0.35 | 0.28 | 0.31 | 91 | High Yield Bonds | FAPCX vs PRFRX | |
| PIMCO RAE PLUS International Fund | 0.44 | 0.47 | 0.52 | 83 | Foreign Large Cap Equities | FAPCX vs PTSIX | |
| AQR Diversifying Strategies Fund Class N | 0.45 | 0.34 | 0.10 | 91 | Tactical Allocation | FAPCX vs QDSNX | |
| AMG Yacktman Focused Fund | 0.50 | 0.60 | 0.69 | 86 | Large Cap Value Equities | FAPCX vs YAFFX |
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