Looking to diversify beyond FAPCX? The mutual funds below have historically moved differently from FAPCX, 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 FAPCX
1 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 0.26, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.26 | 0.41 | 0.54 | 88 | Foreign Large Cap Equities | FAPCX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.31 | 0.64 | 0.70 | 61 | Foreign Large Cap Equities | FAPCX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.33 | 0.65 | 0.70 | 61 | Foreign Large Cap Equities | FAPCX vs GSINX | |
| T. Rowe Price Floating Rate Fund - Investor Class | 0.36 | 0.29 | 0.31 | 90 | High Yield Bonds | FAPCX vs PRFRX | |
| GQG Partners International Quality Dividend Income... | 0.36 | 0.58 | 0.61 | 71 | Quality Factor, Foreign Large Cap Equities | FAPCX vs GQJPX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FAPCX, 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 Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of 0.29, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | 0.29 | 0.37 | 0.50 | 81 | Technology | |
| Celestica Inc. | 0.46 | 0.50 | 0.53 | 73 | Technology | |
| Alphabet Inc. Class A | 0.49 | 0.44 | 0.54 | 95 | Communication Services | |
| NVIDIA Corporation | 0.49 | 0.50 | 0.60 | 56 | Technology | |
| Amazon.com, Inc | 0.50 | 0.49 | 0.56 | 60 | Consumer Cyclical |
Build a portfolio that complements FAPCX
Add FAPCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FAPCX