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Frost Credit Fund (FCFAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 5, 2026
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The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities of U.S. and foreign corporate issuers, which will include corporate bonds, collateralized loan obligations and mortgage-backed and other asset-backed securities, and structured notes with economic characteristics similar to fixed income securities. It will invest in callable bonds, as well as fixed income securities that pay a fixed or floating interest rate or interest that is payable in-kind or payable at maturity.

Looking to diversify beyond FCFAX? The mutual funds below have historically moved differently from FCFAX, 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 FCFAX

5 mutual funds have low correlation with FCFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.04, down from 0.24 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FFRHX
Fidelity Floating Rate High Income Fund0.040.120.24
94
Bank LoanFCFAX vs FFRHX
LCCMX
Leader Short Term High Yield Bond Fund0.060.110.25
78
Short-Term BondFCFAX vs LCCMX
DFCFX
DFA Two-Year Fixed Income Portfolio0.220.120.33
100
Short-Term BondFCFAX vs DFCFX
GPARX
GuidePath Absolute Return Allocation Fund0.230.620.67
55
Short-Term BondFCFAX vs GPARX
GPICX
GuidepathConservative Income Fund0.290.370.43
99
Short-Term BondFCFAX vs GPICX
See all 23 diversifiers for FCFAX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for FCFAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.14, roughly unchanged from 0.17 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NVDA
NVIDIA Corporation0.140.140.17
59
Technology
VRT
Vertiv Holdings Co.0.150.110.17
81
Industrials

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Diversification Analysis

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