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Frost Credit Fund (FCFAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

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 the lowest correlation with FCFAX — 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 FCFAX.

Best Diversifiers for FCFAX

4 mutual funds have low correlation with FCFAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.06, down from 0.31 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DFCFX
DFA Two-Year Fixed Income Portfolio0.060.080.31
66
Short-Term BondFCFAX vs DFCFX
LCCMX
Leader Short Term High Yield Bond Fund0.060.130.26
75
Short-Term BondFCFAX vs LCCMX
FFRHX
Fidelity Floating Rate High Income Fund0.080.140.25
92
High Yield BondsFCFAX vs FFRHX
DFAIX
DFA Short-Duration Real Return Portfolio0.210.220.35
99
Short-Term BondFCFAX vs DFAIX
GPICX
GuidepathConservative Income Fund0.300.410.43
99
Short-Term BondFCFAX vs GPICX
See all 21 diversifiers for FCFAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FCFAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCFAX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.17 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NVDA
NVIDIA Corporation0.090.150.17
78
Technology
VRT
Vertiv Holdings Co.0.110.110.17
94
Industrials
LEU
Centrus Energy Corp.0.110.150.13
55
Energy
TSLA
Tesla, Inc.0.160.180.16
55
Consumer Cyclical

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Diversification Analysis

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