Looking to diversify beyond FPACX? The mutual funds below have the lowest correlation with FPACX — 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 FPACX.
Best Diversifiers for FPACX
2 mutual funds have low correlation with FPACX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.14, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.14 | 0.00 | 0.11 | 76 | Diversified Portfolio | FPACX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.12 | 0.22 | 0.54 | 63 | Diversified Portfolio | FPACX vs MHELX | |
| Hussman Strategic Total Return Fund | 0.31 | 0.32 | 0.35 | 92 | Tactical Allocation | FPACX vs HSTRX | |
| PGIM Real Assets Fund | 0.38 | 0.54 | 0.61 | 90 | Diversified Portfolio | FPACX vs PUDZX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.55 | 0.60 | 95 | Diversified Portfolio | FPACX vs FCSRX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FPACX
Add FPACX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FPACX