Looking to diversify beyond FAPTX? The mutual funds below have the lowest correlation with FAPTX — 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 FAPTX.
Best Diversifiers for FAPTX
0 mutual funds have low correlation with FAPTX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The Income Fund of America Class A (AMECX) (Diversified Portfolio) with a 1Y correlation of 0.81, roughly unchanged from 0.89 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The Income Fund of America Class A | 0.81 | 0.87 | 0.89 | 57 | Diversified Portfolio, Dividend | FAPTX vs AMECX | |
| Voya Target Retirement 2040 Fund | 0.84 | 0.90 | 0.92 | 77 | Target Retirement Date | FAPTX vs IRSOX | |
| American Funds Fundamental Investors Class A | 0.84 | 0.85 | 0.87 | 64 | Large Cap Blend Equities, Actively Managed | FAPTX vs ANCFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.85 | 0.88 | 0.91 | 78 | Target Retirement Date | FAPTX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.85 | 0.87 | 0.90 | 78 | Target Retirement Date | FAPTX vs DTDRX |
See all 43 diversifiers for FAPTX
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