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
1 mutual funds have low correlation with FAPCX (below 0.3), 1 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.10 | 0.04 | -0.01 | 76 | Nontraditional Bonds | FAPCX vs RPIDX | |
| T. Rowe Price Floating Rate Fund | 0.32 | 0.27 | 0.31 | 96 | High Yield Bonds | FAPCX vs PRFRX | |
| AQR Diversifying Strategies Fund Class N | 0.41 | 0.32 | 0.09 | 92 | Tactical Allocation | FAPCX vs QDSNX | |
| T. Rowe Price Credit Opportunities Fund | 0.49 | 0.43 | 0.50 | 95 | High Yield Bonds | FAPCX vs PRCPX | |
| PIMCO RAE PLUS International Fund | 0.49 | 0.49 | 0.53 | 81 | Foreign Large Cap Equities | FAPCX vs PTSIX |
See all 53 diversifiers for FAPCX
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