Looking to diversify beyond FAPSX? The mutual funds below have historically moved differently from FAPSX, 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 FAPSX
2 mutual funds have low correlation with FAPSX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.01, down from 0.10 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.01 | 0.10 | — | 66 | Diversified Portfolio | FAPSX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.01 | 0.22 | — | 83 | Diversified Portfolio | FAPSX vs SIFAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.44 | 0.42 | — | 99 | Diversified Portfolio | FAPSX vs STDAX | |
| Concorde Wealth Management Fund | 0.46 | 0.63 | — | 83 | Diversified Portfolio | FAPSX vs CONWX | |
| Bruce Fund | 0.54 | 0.60 | — | 94 | Diversified Portfolio | FAPSX vs BRUFX |
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