Looking to diversify beyond FNPFX? The mutual funds below have historically moved differently from FNPFX, 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 FNPFX
0 mutual funds have low correlation with FNPFX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The Income Fund of America Class A (AMECX) (Diversified Portfolio) with a 1Y correlation of 0.64, down from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The Income Fund of America Class A | 0.64 | 0.74 | 0.77 | 81 | Diversified Portfolio, Dividend | FNPFX vs AMECX | |
| Adams Diversified Equity Fund, Inc. | 0.71 | 0.80 | 0.86 | 83 | Large Cap Blend Equities | FNPFX vs ADX | |
| DFA Emerging Markets Value Portfolio | 0.71 | 0.68 | 0.69 | 66 | Emerging Markets Equities | FNPFX vs DFEVX | |
| American Growth Fund Series One | 0.73 | 0.78 | 0.83 | 56 | Large Cap Growth Equities | FNPFX vs AMRGX | |
| ICON Equity Fund | 0.75 | 0.73 | 0.79 | 80 | Large Cap Growth Equities | FNPFX vs IOLZX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNPFX, 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 0.54, down from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.54 | 0.59 | 0.68 | 56 | Technology |
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