Looking to diversify beyond FPIFX? The mutual funds below have historically moved differently from FPIFX, 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 FPIFX
0 mutual funds have low correlation with FPIFX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Alternative Risk Premia Fund Class N (QRPNX) (Multistrategy) with a 1Y correlation of 0.31, up from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Alternative Risk Premia Fund Class N | 0.31 | 0.14 | -0.11 | 98 | Multistrategy | FPIFX vs QRPNX | |
| Fidelity Select Semiconductors Portfolio | 0.68 | 0.64 | 0.68 | 80 | Semiconductors, Technology Equities | FPIFX vs FSELX | |
| Vanguard Wellesley Income Fund Investor Shares | 0.74 | 0.81 | 0.83 | 69 | Diversified Portfolio | FPIFX vs VWINX | |
| Parametric Volatility Risk Premium - Defensive Fun... | 0.87 | 0.82 | 0.84 | 86 | Options Trading | FPIFX vs EIVPX | |
| Dimensional Retirement Income Fund | 0.87 | 0.91 | 0.89 | 81 | Target Retirement Date | FPIFX vs TDIFX |
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