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
6 mutual funds have low correlation with FBAPX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.00, down from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.00 | 0.21 | — | 99 | Multisector Bonds | FBAPX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.03 | 0.23 | — | 99 | Multisector Bonds | FBAPX vs NWXHX | |
| Fidelity Select Semiconductors Portfolio | 0.13 | 0.09 | — | 92 | Semiconductors, Technology Equities | FBAPX vs FSELX | |
| CrossingBridge Low Duration High Yield Fund | 0.20 | 0.21 | — | 97 | Multisector Bonds | FBAPX vs CBLDX | |
| Fidelity Blue Chip Growth Fund | 0.24 | 0.16 | — | 61 | Large Cap Growth Equities | FBAPX vs FBGRX |
See all 26 diversifiers for FBAPX
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