Looking to diversify beyond FPADX? The mutual funds below have the lowest correlation with FPADX — 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 FPADX.
Best Diversifiers for FPADX
6 mutual funds have low correlation with FPADX (below 0.3), 1 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund (QSPIX) (Multistrategy) with a 1Y correlation of -0.17, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund | -0.17 | -0.17 | -0.19 | 52 | Multistrategy | FPADX vs QSPIX | |
| Fidelity Select Energy Portfolio | 0.03 | 0.20 | 0.30 | 51 | Energy Equities | FPADX vs FSENX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.08 | 0.09 | 0.07 | 100 | Multistrategy | FPADX vs SRRIX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.09 | 0.10 | 0.11 | 82 | Inflation-Protected Bonds | FPADX vs VTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.23 | 0.09 | 0.04 | 94 | Long-Short | FPADX vs BDMIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FPADX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FPADX and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.22, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.22 | -0.06 | 0.09 | 72 | Financial Services | |
| Duke Energy Corporation | -0.21 | -0.03 | 0.00 | 64 | Utilities | |
| Altria Group, Inc. | -0.19 | -0.03 | 0.05 | 74 | Consumer Defensive | |
| Walmart Inc. | -0.16 | 0.01 | 0.08 | 70 | Consumer Defensive | |
| The Southern Company | -0.15 | 0.01 | 0.03 | 57 | Utilities |
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