Looking to diversify beyond FBAPX? The mutual funds below have the lowest correlation with FBAPX — 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 FBAPX.
Best Diversifiers for FBAPX
8 mutual funds have low correlation with FBAPX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.07, down from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.07 | 0.20 | — | 99 | Multisector Bonds | FBAPX vs NWXEX | |
| CrossingBridge Responsible Credit Fund | 0.02 | 0.13 | — | 58 | Multisector Bonds | FBAPX vs CBRDX | |
| Nationwide Amundi Strategic Income Fund | 0.03 | 0.23 | — | 99 | Multisector Bonds | FBAPX vs NWXHX | |
| Fidelity Select Semiconductors Portfolio | 0.14 | 0.09 | — | 96 | Semiconductors, Technology Equities | FBAPX vs FSELX | |
| Potomac Managed Volatility Fund | 0.15 | 0.43 | — | 55 | Multisector Bonds | FBAPX vs CRMVX |
See all 27 diversifiers for FBAPX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FBAPX
Add FBAPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FBAPX