Looking to diversify beyond FONPX? The mutual funds below have historically moved differently from FONPX, 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 FONPX
8 mutual funds have low correlation with FONPX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.17 | 0.21 | 91 | Municipal Bonds | FONPX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.22 | 0.24 | 94 | Municipal Bonds | FONPX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.28 | 0.37 | 100 | Municipal Bonds | FONPX vs DFSMX | |
| Tributary Small Company Fund | 0.22 | 0.16 | 0.11 | 63 | Small Cap Blend Equities | FONPX vs FOSCX | |
| JPMorgan Ultra-Short Municipal Fund | 0.24 | 0.35 | 0.40 | 98 | Municipal Bonds | FONPX vs USMSX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FONPX
Add FONPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FONPX