Looking to diversify beyond FAPGX? The mutual funds below have historically moved differently from FAPGX, 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 FAPGX
21 mutual funds have low correlation with FAPGX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of -0.04, roughly unchanged from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | -0.04 | -0.08 | — | 80 | Semiconductors, Technology Equities | FAPGX vs FSELX | |
| DFA One Year Fixed Income Portfolio | 0.01 | 0.04 | — | 100 | Ultrashort Bond | FAPGX vs DFIHX | |
| CrossingBridge Ultra-Short Duration Fund | 0.07 | 0.06 | — | 99 | Ultrashort Bond | FAPGX vs CBUDX | |
| Fidelity ZERO Large Cap Index Fund | 0.07 | 0.01 | — | 59 | Large Cap Blend Equities | FAPGX vs FNILX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.08 | 0.10 | — | 100 | Ultrashort Bond | FAPGX vs ENIAX |
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