Looking to diversify beyond FPFIX? The mutual funds below have historically moved differently from FPFIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FPFIX
15 mutual funds have low correlation with FPFIX (below 0.3), 3 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.11, up from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.11 | -0.28 | — | 99 | Nontraditional Bonds | FPFIX vs APFPX | |
| Fidelity Floating Rate High Income Fund | -0.07 | 0.00 | 0.07 | 95 | Bank Loan | FPFIX vs FFRHX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.02 | — | — | 100 | Nontraditional Bonds | FPFIX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | 0.01 | 0.04 | 0.03 | 100 | Nontraditional Bonds | FPFIX vs CELFX | |
| Putnam Mortgage Opportunities Fund | 0.06 | 0.04 | 0.05 | 88 | Nontraditional Bonds | FPFIX vs PMOTX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FPFIX
Add FPFIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FPFIX