Looking to diversify beyond FBAPX? The mutual funds below have historically moved differently from FBAPX, 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 FBAPX
5 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 0.08, down from 0.20 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.08 | 0.20 | — | 99 | Multisector Bonds | FBAPX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.13 | 0.23 | — | 99 | Multisector Bonds | FBAPX vs NWXHX | |
| Fidelity Select Semiconductors Portfolio | 0.17 | 0.08 | 0.13 | 82 | Semiconductors, Technology Equities | FBAPX vs FSELX | |
| CrossingBridge Low Duration High Yield Fund | 0.20 | 0.22 | 0.20 | 96 | Multisector Bonds | FBAPX vs CBLDX | |
| Catalyst/CIFC Floating Rate Income Fund | 0.27 | 0.23 | — | 67 | Bank Loan | FBAPX vs CFRIX |
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