Looking to diversify beyond FPF? The mutual funds below have the lowest correlation with FPF — 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 FPF.
Best Diversifiers for FPF
1 mutual funds have low correlation with FPF (below 0.3), 0 of which are negatively correlated. The least correlated is Vivaldi Merger Arbitrage Fund Class I (VARBX) (Event Driven) with a 1Y correlation of 0.12, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 0.12 | 0.14 | 0.20 | 98 | Event Driven | FPF vs VARBX | |
| Lord Abbett Convertible Fund Class F | 0.36 | 0.37 | 0.45 | 88 | Preferred Stock/Convertible Bonds | FPF vs LBFFX | |
| Calamos Convertible Fund | 0.37 | 0.39 | 0.48 | 91 | Preferred Stock/Convertible Bonds | FPF vs CCVIX | |
| Calamos Convertible Fund | 0.38 | 0.39 | 0.48 | 91 | Preferred Stock/Convertible Bonds | FPF vs CICVX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.40 | 0.40 | 0.48 | 89 | Preferred Stock/Convertible Bonds | FPF vs FACVX |
See all 19 diversifiers for FPF
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