Looking to diversify beyond FNPFX? The mutual funds below have the lowest correlation with FNPFX — 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 FNPFX.
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 Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.56, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.56 | 0.66 | 0.75 | 72 | Large Cap Growth Equities | FNPFX vs BPTRX | |
| DFA Emerging Markets Value Portfolio | 0.68 | 0.67 | 0.69 | 88 | Emerging Markets Diversified | FNPFX vs DFEVX | |
| One Rock Fund | 0.71 | 0.78 | 0.83 | 87 | Large Cap Growth Equities | FNPFX vs ONERX | |
| Adams Diversified Equity Fund, Inc. | 0.71 | 0.80 | 0.87 | 67 | Large Cap Blend Equities | FNPFX vs ADX | |
| ICON Equity Fund | 0.71 | 0.72 | 0.79 | 84 | Large Cap Growth Equities | FNPFX vs IOLZX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNPFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNPFX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.51, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.51 | 0.59 | 0.68 | 76 | Technology |
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