FPA Flexible Fixed Income Fund (FPFIX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FPFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FPFIX
FPFIX charges 0.51% annually. There are 3 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | FPFIX vs PMOTX | |
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | FPFIX vs GMODX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | FPFIX vs SUBFX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | FPFIX vs PUTIX | |
| T. Rowe Price Dynamic Credit Fund | 0.56% | — | Jan 2019 | FPFIX vs RPELX |
Best Risk-Adjusted Alternatives to FPFIX
FPFIX has a PortfoliosLab risk / return rank of 29. There are 60 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | FPFIX vs CBYYX | |
| PGIM Securitized Credit Fund | 99 | — | Jun 2019 | FPFIX vs SCFZX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | FPFIX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | FPFIX vs EIGMX | |
| DoubleLine Flexible Income Fund | 98 | — | Apr 2014 | FPFIX vs DFLEX |
Top Performing FPFIX Alternatives (YTD)
FPFIX is at -0.11% YTD. There are 64 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 6.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 6.50% | — | Aug 2010 | FPFIX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 4.57% | — | Apr 2015 | FPFIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 4.15% | — | Jun 2007 | FPFIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 4.00% | — | Mar 2022 | FPFIX vs APFPX | |
| Anchor Risk Managed Credit Strategies Fund | 3.86% | — | Sep 2015 | FPFIX vs ATCSX |
Lowest Volatility Alternatives to FPFIX
FPFIX has 2.46% 1-year volatility. There are 22 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 1.00% | — | Dec 2004 | FPFIX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.23% | — | Jan 2023 | FPFIX vs CBYYX | |
| DoubleLine Flexible Income Fund | 1.31% | — | Apr 2014 | FPFIX vs DFLEX | |
| GMO Opportunistic Income Fund | 1.35% | — | Oct 2011 | FPFIX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | FPFIX vs BGCIX |
Lowest Drawdown Alternatives to FPFIX
FPFIX has a 1-year max drawdown of -2.10%. There are 38 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | FPFIX vs CBYYX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | FPFIX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | FPFIX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | FPFIX vs GMODX | |
| PGIM Absolute Return Bond Fund | -0.76% | — | Mar 2011 | FPFIX vs PADZX |
Other Mutual Funds from FPA
The 5 most viewed FPA mutual funds shown here include PTY, FPACX, FPNIX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 1 | -3.37% | — | Dec 2002 | FPFIX vs PTY | |
| FPA Crescent Fund | Diversified Portfolio | 51 | 5.13% | — | Jun 1993 | FPFIX vs FPACX | |
| FPA New Income Fund | Short-Term Bond | 32 | -0.02% | — | Jul 1984 | FPFIX vs FPNIX | |
| FPA Queens Road Value Fund | Large Cap Value Equities | 20 | 9.63% | — | Jun 2002 | FPFIX vs QRVLX | |
| FPA Queens Road Small Cap Value Fund Investor Clas... | Small Cap Value Equities | 74 | 22.16% | — | Jun 2002 | FPFIX vs QRSVX |
Often Compared With FPFIX
Investors most often compare FPFIX with FXAIX, DODIX, FADMX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare FPFIX with Any Fund or Stock
Compare FPFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FPFIX with funds that move differently
FPA Flexible Fixed Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FPFIX.
Explore FPFIX Diversifiers