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 | |
|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | FPFIX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | FPFIX vs PMOTX | |
| 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 41. There are 46 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 100 | — | Jul 2021 | FPFIX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | FPFIX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | FPFIX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | FPFIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | FPFIX vs APFPX |
Top Performing FPFIX Alternatives (YTD)
FPFIX is at -0.06% YTD. There are 63 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 8.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.64% | — | Aug 2010 | FPFIX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.66% | — | Apr 2015 | FPFIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.42% | — | Jun 2007 | FPFIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 5.21% | — | Mar 2022 | FPFIX vs APFPX | |
| Cliffwater Enhanced Lending Fund | 4.46% | — | Jul 2021 | FPFIX vs CELFX |
Lowest Volatility Alternatives to FPFIX
FPFIX has 2.42% 1-year volatility. There are 22 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 0.85% | — | Jul 2021 | FPFIX vs CELFX | |
| Dunham Long/Short Credit Fund | 1.00% | — | Dec 2004 | FPFIX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.20% | — | Jan 2023 | FPFIX vs CBYYX | |
| GMO Opportunistic Income Fund | 1.32% | — | 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 37 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 | |
| Cliffwater Enhanced Lending Fund | -0.18% | — | Jul 2021 | FPFIX vs CELFX | |
| 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 |
Other Mutual Funds from FPA
The 4 most viewed FPA mutual funds shown here include FPACX, FPNIX, QRSVX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| FPA Crescent Fund Institutional Class | Diversified Portfolio | 72 | 7.73% | — | Jun 1993 | FPFIX vs FPACX | |
| FPA New Income Fund | Short-Term Bond | 43 | 0.02% | — | Jul 1984 | FPFIX vs FPNIX | |
| FPA Queens Road Small Cap Value Fund Investor Clas... | Small Cap Value Equities | 87 | 26.22% | — | Jun 2002 | FPFIX vs QRSVX | |
| FPA Queens Road Value Fund | Large Cap Value Equities | 23 | 9.75% | — | Jun 2002 | FPFIX vs QRVLX |
Often Compared With FPFIX
Investors most often compare FPFIX with FXAIX, DODIX, FADMX. These 20 comparison targets span 10 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