Looking to diversify beyond FAPSX? The mutual funds below have the lowest correlation with FAPSX — 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 FAPSX.
Best Diversifiers for FAPSX
1 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 -0.00, down from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.00 | 0.13 | — | 67 | Diversified Portfolio | FAPSX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.48 | 0.44 | — | 99 | Diversified Portfolio | FAPSX vs STDAX | |
| Concorde Wealth Management Fund | 0.51 | 0.66 | — | 55 | Diversified Portfolio | FAPSX vs CONWX | |
| Virtus Diversified Income & Convertible Fund | 0.52 | 0.52 | — | 66 | Diversified Portfolio | FAPSX vs ACV | |
| Fidelity Select Semiconductors Portfolio | 0.60 | 0.56 | — | 96 | Semiconductors, Technology Equities | FAPSX vs FSELX |
See all 33 diversifiers for FAPSX
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